NTV Asset Management LLC Sells 461 Shares of The Home Depot, Inc. (NYSE:HD)

NTV Asset Management LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,050 shares of the home improvement retailer’s stock after selling 461 shares during the period. NTV Asset Management LLC’s holdings in Home Depot were worth $3,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the fourth quarter valued at about $41,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter worth $46,000. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.7 %

Shares of HD stock opened at $409.47 on Tuesday. The stock has a market cap of $406.75 billion, a P/E ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a 50 day simple moving average of $404.49 and a two-hundred day simple moving average of $396.34. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. Truist Financial upped their target price on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company increased their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, DA Davidson lifted their price objective 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Company Profile

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.