Investment Advisory Services Inc. TX ADV Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Investment Advisory Services Inc. TX ADV cut its holdings in The Home Depot, Inc. (NYSE:HD) by 2.6% during the 4th quarter, Holdings Channel reports. The fund owned 12,393 shares of the home improvement retailer’s stock after selling 333 shares during the period. Home Depot comprises 1.7% of Investment Advisory Services Inc. TX ADV’s portfolio, making the stock its 12th biggest holding. Investment Advisory Services Inc. TX ADV’s holdings in Home Depot were worth $4,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Birch Hill Investment Advisors LLC raised its stake in Home Depot by 0.6% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,508 shares of the home improvement retailer’s stock worth $5,643,000 after acquiring an additional 83 shares during the period. WCM Investment Management LLC lifted its stake in shares of Home Depot by 148.8% during the 4th quarter. WCM Investment Management LLC now owns 11,152 shares of the home improvement retailer’s stock valued at $4,343,000 after buying an additional 6,670 shares in the last quarter. Empowered Funds LLC boosted its holdings in Home Depot by 1.4% in the 4th quarter. Empowered Funds LLC now owns 67,654 shares of the home improvement retailer’s stock worth $26,317,000 after buying an additional 927 shares during the period. Counterweight Ventures LLC increased its stake in Home Depot by 0.9% in the 4th quarter. Counterweight Ventures LLC now owns 7,473 shares of the home improvement retailer’s stock worth $2,907,000 after buying an additional 65 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in Home Depot by 6.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 67,459 shares of the home improvement retailer’s stock valued at $26,241,000 after acquiring an additional 4,135 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $407.39 on Monday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $404.68 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The firm’s 50 day simple moving average is $406.14 and its 200-day simple moving average is $394.24. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the firm posted $3.81 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HD. Truist Financial upped their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein began coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company raised their price objective on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $426.00.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.