Weaver Consulting Group Sells 35 Shares of The Home Depot, Inc. (NYSE:HD)

Weaver Consulting Group decreased its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 1.4% during the 1st quarter, HoldingsChannel reports. The fund owned 2,509 shares of the home improvement retailer’s stock after selling 35 shares during the quarter. Weaver Consulting Group’s holdings in Home Depot were worth $751,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Arete Wealth Advisors LLC raised its holdings in shares of Home Depot by 2.1% in the first quarter. Arete Wealth Advisors LLC now owns 11,402 shares of the home improvement retailer’s stock valued at $3,413,000 after purchasing an additional 230 shares during the last quarter. Papp L Roy & Associates grew its position in Home Depot by 2.0% in the first quarter. Papp L Roy & Associates now owns 43,437 shares of the home improvement retailer’s stock valued at $13,002,000 after purchasing an additional 866 shares in the last quarter. LifePro Asset Management increased its stake in Home Depot by 12.1% in the 1st quarter. LifePro Asset Management now owns 2,953 shares of the home improvement retailer’s stock valued at $884,000 after buying an additional 319 shares during the last quarter. WT Wealth Management lifted its position in Home Depot by 11.0% during the 1st quarter. WT Wealth Management now owns 6,579 shares of the home improvement retailer’s stock worth $1,969,000 after buying an additional 651 shares in the last quarter. Finally, Camden Capital LLC lifted its position in Home Depot by 4.9% during the 1st quarter. Camden Capital LLC now owns 2,283 shares of the home improvement retailer’s stock worth $684,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. Raymond James lowered their target price 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. DA Davidson dropped their price objective on Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Piper Sandler raised their target price on shares of Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a research note on Wednesday, May 18th. Evercore ISI dropped their price target on shares of Home Depot to $360.00 in a research report on Thursday, June 9th. Finally, Jefferies Financial Group decreased their price objective on shares of Home Depot from $420.00 to $400.00 and set a “buy” 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $368.45.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s 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 directly owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction on Tuesday, May 24th. The stock was 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 approximately $14,739,935.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Becker Caryn Seidman acquired 1,500 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 1,500 shares in the company, valued at $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

Home Depot Stock Up 0.8 %

NYSE HD opened at $309.69 on Friday. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The firm has a 50-day moving average price of $290.90 and a two-hundred day moving average price of $310.73. The company has a market capitalization of $318.29 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The business had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.86 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 16.43 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors 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%.

About Home Depot

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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.

See Also

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:HDGet Rating).

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

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