Bedel Financial Consulting Inc. Sells 83 Shares of The Home Depot, Inc. (NYSE:HD)

Bedel Financial Consulting Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,124 shares of the home improvement retailer’s stock after selling 83 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Home Depot were worth $1,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bare Financial Services Inc bought a new stake in Home Depot during the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot in the 4th quarter worth $27,000. Keener Financial Planning LLC bought a new position in shares of Home Depot in the 4th quarter worth $31,000. PFG Private Wealth Management LLC raised its position in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD stock traded down $1.31 during trading on Monday, hitting $358.46. The company had a trading volume of 2,766,107 shares, compared to its average volume of 3,437,926. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a 50-day moving average price of $339.52 and a 200-day moving average price of $352.14. The firm has a market cap of $355.45 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.82 EPS. On average, analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.51%. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research note on Friday, May 10th. Guggenheim restated a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. TD Cowen lowered their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Stifel Nicolaus increased their price target on Home Depot from $374.00 to $380.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $378.96.

About Home Depot

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.