UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,040,796 shares of the home improvement retailer’s stock after purchasing an additional 152,902 shares during the quarter. Home Depot comprises about 0.6% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 20th biggest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Home Depot were worth $2,766,838,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Advocate Investing Services LLC bought a new position in shares of Home Depot during the 4th quarter valued at $25,000. Parvin Asset Management LLC raised its holdings in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Key Capital Management INC bought a new position in shares of Home Depot during the 4th quarter valued at $28,000. Navalign LLC bought a new position in shares of Home Depot during the 4th quarter valued at $31,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of Home Depot during the 4th quarter valued at $34,000. Institutional investors own 70.86% of the company’s stock.
Home Depot Stock Performance
NYSE HD opened at $328.37 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 3.76 and a beta of 0.97. The company’s fifty day moving average is $322.44 and its two-hundred day moving average is $347.04. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75.
Home Depot Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on HD. Telsey Advisory Group cut their price target on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Guggenheim reiterated a “buy” rating and issued a $425.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Daiwa Securities Group lifted their target price on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. HSBC dropped their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Finally, Wells Fargo & Company dropped their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $371.36.
Read Our Latest Research Report on Home Depot
Home Depot Company Profile
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
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