Alpha Omega Wealth Management LLC Sells 205 Shares of The Home Depot, Inc. (NYSE:HD)

Alpha Omega Wealth Management LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,820 shares of the home improvement retailer’s stock after selling 205 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Home Depot were worth $2,348,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bey Douglas LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $913,000. MinichMacGregor Wealth Management LLC bought a new stake in Home Depot during the fourth quarter worth about $387,000. Cambridge Investment Research Advisors Inc. lifted its position in Home Depot by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock worth $74,092,000 after purchasing an additional 2,209 shares during the period. Empirical Finance LLC lifted its position in Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after purchasing an additional 1,195 shares during the period. Finally, Commonwealth Retirement Investments LLC lifted its position in Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HD shares. Evercore ISI cut their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Citigroup cut their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $386.33.

Home Depot Stock Down 0.4 %

Shares of HD traded down $1.60 during trading hours on Monday, reaching $373.99. The stock had a trading volume of 2,450,138 shares, compared to its average volume of 3,440,526. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm has a 50-day simple moving average of $353.93 and a 200 day simple moving average of $353.66. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The company has a market capitalization of $370.85 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 2.48 and a beta of 0.98.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Home Depot Profile

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.