Key Client Fiduciary Advisors LLC Trims Position in The Home Depot, Inc. (NYSE:HD)

Key Client Fiduciary Advisors LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 2.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,214 shares of the home improvement retailer’s stock after selling 107 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in Home Depot were worth $1,451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bare Financial Services Inc purchased a new position in Home Depot during the fourth quarter worth approximately $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot during the 4th quarter worth $27,000. Burkett Financial Services LLC purchased a new position in shares of Home Depot in the 4th quarter worth $38,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot in the first quarter valued at $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot during the fourth quarter valued at about $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 1.6 %

Shares of Home Depot stock traded up $5.48 during trading on Wednesday, reaching $355.55. The company had a trading volume of 4,813,288 shares, compared to its average volume of 3,433,010. The company has a market cap of $352.57 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm’s fifty day moving average is $349.46 and its 200-day moving average is $353.16. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

HD has been the topic of a number of research reports. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Citigroup cut their price target on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. HSBC decreased their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company reduced their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $384.00.

Insider Activity at Home Depot

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

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.