Beacon Investment Advisory Services Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 78.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,425 shares of the home improvement retailer’s stock after selling 33,998 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Home Depot were worth $3,324,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in HD. Vanguard Group Inc. boosted its holdings in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. State Street Corp raised its holdings in shares of Home Depot by 1.8% during the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after buying an additional 825,164 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Home Depot by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after buying an additional 343,153 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Home Depot by 1.6% during the 1st quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock worth $5,365,629,000 after buying an additional 250,825 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after buying an additional 1,113,114 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Home Depot Trading Up 1.7%
NYSE HD opened at $355.41 on Friday. The firm has a market capitalization of $354.39 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 4.03 and a beta of 0.95. The business’s 50-day moving average price is $335.75 and its two-hundred day moving average price is $343.09. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.
Home Depot Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on HD shares. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Piper Sandler lowered their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Robert W. Baird dropped their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. The Goldman Sachs Group reduced their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Gordon Haskett lifted their price target on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $371.71.
View Our Latest Stock Report on HD
Home Depot 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.
Featured Stories
- Five stocks we like better than Home Depot
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
