Home Depot Inc (NYSE:HD) Shares Sold by Signature Wealth Management Group

Signature Wealth Management Group reduced its position in Home Depot Inc (NYSE:HD) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,372 shares of the home improvement retailer’s stock after selling 1,183 shares during the period. Signature Wealth Management Group’s holdings in Home Depot were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boenning & Scattergood Inc. raised its position in Home Depot by 3.5% during the fourth quarter. Boenning & Scattergood Inc. now owns 26,242 shares of the home improvement retailer’s stock worth $5,731,000 after acquiring an additional 898 shares during the period. Ascension Asset Management LLC raised its position in Home Depot by 2.0% during the fourth quarter. Ascension Asset Management LLC now owns 6,415 shares of the home improvement retailer’s stock worth $1,401,000 after acquiring an additional 125 shares during the period. KCS Wealth Advisory raised its position in Home Depot by 3.7% during the fourth quarter. KCS Wealth Advisory now owns 2,617 shares of the home improvement retailer’s stock worth $571,000 after acquiring an additional 94 shares during the period. Campbell Wealth Management raised its position in Home Depot by 3.7% during the fourth quarter. Campbell Wealth Management now owns 1,528 shares of the home improvement retailer’s stock worth $334,000 after acquiring an additional 54 shares during the period. Finally, Relyea Zuckerberg Hanson LLC acquired a new position in Home Depot during the fourth quarter worth $523,000. Hedge funds and other institutional investors own 69.87% of the company’s stock.

Shares of HD opened at $224.59 on Thursday. Home Depot Inc has a 12-month low of $172.00 and a 12-month high of $239.31. The firm has a 50-day moving average price of $218.89 and a 200 day moving average price of $222.23. The firm has a market capitalization of $243.05 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.97 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $2.53. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The firm had revenue of $27.22 billion during the quarter, compared to analyst estimates of $27.51 billion. During the same quarter in the prior year, the firm posted $2.51 earnings per share. Home Depot’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Home Depot Inc will post 10.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Wednesday, December 4th. Home Depot’s dividend payout ratio is currently 55.01%.

A number of equities analysts have weighed in on HD shares. Longbow Research restated a “buy” rating and set a $255.00 price objective on shares of Home Depot in a research report on Wednesday, November 20th. Telsey Advisory Group reduced their price objective on shares of Home Depot from $220.00 to $210.00 and set a “market perform” rating for the company in a research report on Thursday, December 12th. Royal Bank of Canada reduced their price objective on shares of Home Depot from $246.00 to $232.00 and set an “outperform” rating for the company in a research report on Thursday, December 12th. Robert W. Baird upped their price objective on shares of Home Depot from $230.00 to $245.00 and gave the stock an “accumulate” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer upped their target price on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $237.31.

In related news, EVP Teresa Wynn Roseborough sold 12,974 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the sale, the executive vice president now owns 26,335 shares of the company’s stock, valued at $5,627,789.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the sale, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. Insiders sold 126,552 shares of company stock valued at $26,765,281 in the last three months. 0.27% of the stock is currently owned by insiders.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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