Arete Wealth Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,402 shares of the home improvement retailer’s stock after buying an additional 230 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Home Depot were worth $3,413,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Home Depot by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $7,002,662,000 after buying an additional 701,811 shares in the last quarter. Norges Bank purchased a new position in Home Depot in the fourth quarter worth $4,325,629,000. Fisher Asset Management LLC boosted its position in Home Depot by 3.9% in the first quarter. Fisher Asset Management LLC now owns 8,134,863 shares of the home improvement retailer’s stock worth $2,435,009,000 after purchasing an additional 303,885 shares during the last quarter. Deutsche Bank AG boosted its position in Home Depot by 12.2% in the fourth quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after purchasing an additional 566,462 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Home Depot by 21.1% in the fourth quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $2,001,755,000 after purchasing an additional 840,033 shares during the last quarter. Institutional investors own 70.61% of the company’s stock.
Home Depot Stock Performance
Shares of HD opened at $309.69 on Friday. The stock has a market capitalization of $318.29 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The stock’s 50-day simple moving average is $290.90 and its 200 day simple moving average is $310.73. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61.
Home Depot Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were paid a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. Home Depot’s dividend payout ratio is currently 48.25%.
Analyst Ratings Changes
Several research firms have weighed in on HD. Citigroup boosted their price objective on Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Guggenheim dropped their price target on Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. MKM Partners initiated coverage on Home Depot in a research report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price target on the stock. Raymond James dropped their price target on Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 18th. Finally, Morgan Stanley dropped their price target on Home Depot from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.45.
Insiders Place Their Bets
In other Home Depot news, Director Becker Caryn Seidman bought 1,500 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were acquired at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $431,595. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Becker Caryn Seidman acquired 1,500 shares of Home Depot stock in a transaction dated Monday, May 23rd. The shares were purchased at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at $431,595. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction dated Tuesday, May 24th. The shares were 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 $14,739,935.25. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
Home Depot Profile
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.
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