The Home Depot, Inc. (NYSE:HD) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 268,060 shares of the home improvement retailer’s stock after selling 1,946 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Home Depot were worth $111,248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Home Depot by 18.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,417,943 shares of the home improvement retailer’s stock worth $1,122,117,000 after buying an additional 521,895 shares in the last quarter. ARGI Investment Services LLC grew its holdings in Home Depot by 4.2% during the fourth quarter. ARGI Investment Services LLC now owns 9,069 shares of the home improvement retailer’s stock worth $3,764,000 after acquiring an additional 366 shares during the period. Desjardins Global Asset Management Inc. purchased a new position in Home Depot in the 4th quarter worth about $6,482,000. Pure Financial Advisors LLC increased its stake in Home Depot by 5.8% in the 4th quarter. Pure Financial Advisors LLC now owns 7,523 shares of the home improvement retailer’s stock worth $3,122,000 after purchasing an additional 414 shares in the last quarter. Finally, Compass Ion Advisors LLC acquired a new stake in Home Depot during the 4th quarter worth about $209,000. 70.61% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:HD traded up $5.65 during trading hours on Wednesday, hitting $293.57. The stock had a trading volume of 4,600,864 shares, compared to its average volume of 4,977,525. The Home Depot, Inc. has a 1-year low of $279.59 and a 1-year high of $420.61. The company has a current ratio of 1.11, a quick ratio of 0.24 and a debt-to-equity ratio of 35.47. The company has a market cap of $303.37 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The business has a 50 day simple moving average of $304.71 and a two-hundred day simple moving average of $348.99.

Home Depot (NYSE:HDGet Rating) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.41. The firm had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. Home Depot’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.86 earnings per share. Research analysts expect that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd will be paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Wednesday, June 1st. Home Depot’s dividend payout ratio is currently 48.25%.

Several research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on Home Depot from $406.00 to $365.00 in a research report on Wednesday, February 23rd. Gordon Haskett downgraded Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Guggenheim reduced their price target on Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. OTR Global cut Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Finally, Robert W. Baird lowered their price objective on Home Depot from $425.00 to $380.00 in a research note on Tuesday, February 22nd. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $373.27.

In other news, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the transaction, the executive vice president now owns 51,175 shares in the company, valued at approximately $14,739,935.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Hector A. Padilla sold 504 shares of the business’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of $309.80, for a total value of $156,139.20. The disclosure for this sale can be found here. Insiders have sold 11,933 shares of company stock worth $3,448,197 in the last ninety days. 0.17% of the stock is currently owned by insiders.

Home Depot Profile (Get Rating)

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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Further Reading

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

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