Blue Edge Capital LLC Sells 154 Shares of The Home Depot, Inc. (NYSE:HD)


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Blue Edge Capital LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,582 shares of the home improvement retailer’s stock after selling 154 shares during the quarter. Blue Edge Capital LLC’s holdings in The Home Depot were worth $4,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. LFA Lugano Financial Advisors SA increased its stake in The Home Depot by 40.6% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 3,194 shares of the home improvement retailer’s stock valued at $910,000 after buying an additional 922 shares during the last quarter. BT Wealth Management LLC increased its stake in The Home Depot by 119.2% in the 3rd quarter. BT Wealth Management LLC now owns 11,478 shares of the home improvement retailer’s stock valued at $3,188,000 after buying an additional 6,241 shares during the last quarter. James Investment Research Inc. increased its stake in The Home Depot by 35.8% in the 3rd quarter. James Investment Research Inc. now owns 43,980 shares of the home improvement retailer’s stock valued at $12,214,000 after buying an additional 11,596 shares during the last quarter. Gateway Advisory LLC increased its stake in The Home Depot by 2.9% in the 3rd quarter. Gateway Advisory LLC now owns 16,590 shares of the home improvement retailer’s stock valued at $4,607,000 after buying an additional 464 shares during the last quarter. Finally, Fieldpoint Private Securities LLC increased its stake in The Home Depot by 1.8% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 6,252 shares of the home improvement retailer’s stock valued at $1,736,000 after buying an additional 109 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors and hedge funds.

NYSE HD traded down $11.92 during trading on Tuesday, reaching $263.93. The company’s stock had a trading volume of 533,920 shares, compared to its average volume of 3,636,138. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39. The firm has a market capitalization of $284.15 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a 12 month low of $140.63 and a 12 month high of $292.95. The firm has a 50 day moving average price of $275.56 and a 200 day moving average price of $275.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th will be issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.50%. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s payout ratio is currently 58.54%.

HD has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, December 4th. Telsey Advisory Group upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $300.00 to $315.00 in a research note on Monday, November 16th. Guggenheim upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price objective on the stock in a research note on Wednesday, January 13th. Gordon Haskett upgraded shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price objective on the stock in a research note on Thursday, November 12th. Finally, Wedbush lowered shares of The Home Depot from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 11th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $293.25.

The Home Depot Company 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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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