The Home Depot, Inc. (NYSE:HD) Shares Acquired by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC increased its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 706 shares of the home improvement retailer’s stock after acquiring an additional 34 shares during the period. Bernardo Wealth Planning LLC’s holdings in Home Depot were worth $211,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HD. Geode Capital Management LLC increased its stake in Home Depot by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after buying an additional 701,811 shares during the period. Norges Bank acquired a new position in Home Depot during the 4th quarter valued at about $4,325,629,000. Fisher Asset Management LLC increased its stake in Home Depot by 3.9% during the 1st quarter. Fisher Asset Management LLC now owns 8,134,863 shares of the home improvement retailer’s stock valued at $2,435,009,000 after buying an additional 303,885 shares during the period. Deutsche Bank AG increased its stake in Home Depot by 12.2% during the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock valued at $2,166,946,000 after buying an additional 566,462 shares during the period. Finally, Jennison Associates LLC increased its stake in Home Depot by 21.1% during the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock valued at $2,001,755,000 after buying an additional 840,033 shares during the period. Institutional investors and hedge funds own 70.61% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $309.69 on Friday. The company’s 50 day moving average price is $290.90 and its 200 day moving average price is $310.73. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $420.61. The company has a market capitalization of $318.29 billion, a PE ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The firm had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. During the same period in the previous year, the firm posted $3.86 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

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. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Becker Caryn Seidman bought 1,500 shares of the stock in a transaction dated Monday, May 23rd. The shares were acquired at an average price of $287.73 per share, with a total value of $431,595.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at $431,595. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore ISI lowered their target price on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. Citigroup raised their price objective on shares of Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. MKM Partners started coverage on shares of Home Depot in a research report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price objective for the company. DA Davidson reduced their price objective on shares of Home Depot from $354.00 to $330.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Finally, Wedbush reduced their price objective on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $368.45.

Home Depot Profile

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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 d├ęcor 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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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