U.S. Capital Wealth Advisors LLC Has $8.02 Million Holdings in The Home Depot, Inc. (NYSE:HD)

U.S. Capital Wealth Advisors LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,145 shares of the home improvement retailer’s stock after selling 139 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Home Depot were worth $8,021,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Congress Wealth Management LLC DE lifted its stake in shares of Home Depot by 3.7% during the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after acquiring an additional 3,162 shares during the period. Hartline Investment Corp boosted its stake in shares of Home Depot by 3.0% in the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after purchasing an additional 460 shares during the last quarter. Wolf Group Capital Advisors raised its stake in shares of Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares during the last quarter. Alliance Wealth Management Group acquired a new position in Home Depot in the fourth quarter valued at approximately $253,000. Finally, Psagot Value Holdings Ltd. Israel boosted its stake in Home Depot by 8.0% in the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after acquiring an additional 200 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on HD shares. Citigroup upped their target price on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Friday. Mizuho initiated coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price for the company. Truist Financial reaffirmed a “buy” rating and issued a $417.00 price target on shares of Home Depot in a research note on Wednesday, April 17th. Finally, Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 2.2 %

Shares of HD traded up $7.32 during mid-day trading on Friday, hitting $342.85. 4,165,054 shares of the company’s stock were exchanged, compared to its average volume of 3,606,830. The company has a 50-day simple moving average of $361.75 and a 200 day simple moving average of $342.08. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a market cap of $339.77 billion, a PE ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the firm earned $3.30 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.63%. Home Depot’s dividend payout ratio is 59.60%.

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.