CJM Wealth Advisers Ltd. Sells 74 Shares of The Home Depot, Inc. (NYSE:HD)

CJM Wealth Advisers Ltd. cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,531 shares of the home improvement retailer’s stock after selling 74 shares during the quarter. CJM Wealth Advisers Ltd.’s holdings in Home Depot were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Portside Wealth Group LLC boosted its holdings in Home Depot by 1.4% in the first quarter. Portside Wealth Group LLC now owns 7,406 shares of the home improvement retailer’s stock worth $2,714,000 after acquiring an additional 105 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its holdings in Home Depot by 15.4% in the first quarter. Moss Adams Wealth Advisors LLC now owns 8,112 shares of the home improvement retailer’s stock worth $2,973,000 after acquiring an additional 1,085 shares in the last quarter. Wiser Wealth Management Inc boosted its holdings in Home Depot by 2.6% in the first quarter. Wiser Wealth Management Inc now owns 4,528 shares of the home improvement retailer’s stock worth $1,659,000 after acquiring an additional 113 shares in the last quarter. NewSquare Capital LLC boosted its holdings in Home Depot by 181.4% in the first quarter. NewSquare Capital LLC now owns 287 shares of the home improvement retailer’s stock worth $105,000 after acquiring an additional 185 shares in the last quarter. Finally, Courier Capital LLC raised its stake in shares of Home Depot by 5.7% in the first quarter. Courier Capital LLC now owns 13,291 shares of the home improvement retailer’s stock worth $4,871,000 after purchasing an additional 713 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Morgan Stanley restated an “overweight” rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Gordon Haskett upped their target price on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, Wedbush restated an “outperform” rating and set a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $426.77.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Down 0.5%

NYSE HD opened at $367.45 on Monday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market capitalization of $365.59 billion, a P/E ratio of 24.96, a P/E/G ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The stock has a 50 day moving average price of $361.63 and a 200-day moving average price of $384.44.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.50%. Home Depot’s dividend payout ratio is presently 62.42%.

Home Depot 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.