Wagner Wealth Management LLC Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Wagner Wealth Management LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,779 shares of the home improvement retailer’s stock after selling 101 shares during the period. Wagner Wealth Management LLC’s holdings in Home Depot were worth $1,531,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC lifted its holdings in Home Depot by 3.7% during the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock valued at $285,000 after purchasing an additional 25 shares during the last quarter. Ruedi Wealth Management Inc. increased its position in shares of Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after purchasing an additional 27 shares during the last quarter. Acorn Creek Capital LLC grew its position in Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after acquiring an additional 28 shares during the last quarter. Talisman Wealth Advisors LLC grew its holdings in shares of Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after purchasing an additional 29 shares during the last quarter. Finally, LMG Wealth Partners LLC grew its holdings in shares of Home Depot by 1.7% in the second quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock worth $588,000 after purchasing an additional 29 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.5 %

Shares of Home Depot stock traded up $1.94 during trading hours on Friday, hitting $411.90. The company’s stock had a trading volume of 2,717,431 shares, compared to its average volume of 3,388,611. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market cap of $408.45 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $420.03. The firm has a fifty day moving average of $378.34 and a 200-day moving average of $357.12.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $4.65 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HD shares. Stifel Nicolaus dropped their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Jefferies Financial Group started coverage on Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. Royal Bank of Canada reduced their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Oppenheimer increased their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.38.

Home Depot Company 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.