Mount Yale Investment Advisors LLC Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Mount Yale Investment Advisors LLC lifted its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,219 shares of the home improvement retailer’s stock after purchasing an additional 2,490 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Home Depot were worth $4,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Curran Financial Partners LLC lifted its position in Home Depot by 8.5% during the fourth quarter. Curran Financial Partners LLC now owns 739 shares of the home improvement retailer’s stock valued at $287,000 after purchasing an additional 58 shares during the period. McLean Asset Management Corp lifted its holdings in shares of Home Depot by 1.7% during the 4th quarter. McLean Asset Management Corp now owns 2,683 shares of the home improvement retailer’s stock valued at $1,044,000 after buying an additional 44 shares during the period. Webster Bank N. A. boosted its stake in shares of Home Depot by 1.0% in the 4th quarter. Webster Bank N. A. now owns 19,663 shares of the home improvement retailer’s stock worth $7,649,000 after buying an additional 203 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Home Depot by 9.2% in the fourth quarter. Pacer Advisors Inc. now owns 80,292 shares of the home improvement retailer’s stock worth $31,233,000 after acquiring an additional 6,752 shares during the period. Finally, United Asset Strategies Inc. increased its position in Home Depot by 0.4% during the fourth quarter. United Asset Strategies Inc. now owns 31,383 shares of the home improvement retailer’s stock valued at $12,208,000 after acquiring an additional 122 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $413.46 on Thursday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business has a 50 day simple moving average of $407.66 and a two-hundred day simple moving average of $391.78. The stock has a market capitalization of $410.72 billion, a PE ratio of 28.09, a P/E/G ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HDGet Free Report) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $3.81 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.18%. Home Depot’s dividend payout ratio is currently 61.14%.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Evercore ISI boosted their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Guggenheim increased their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley raised their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $426.00.

Check Out Our Latest Stock Report on Home Depot

Home Depot Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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