The Home Depot, Inc. (NYSE:HD) Shares Purchased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 73.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,997 shares of the home improvement retailer’s stock after buying an additional 25,074 shares during the period. Home Depot comprises about 1.0% of Alpha Cubed Investments LLC’s holdings, making the stock its 29th largest position. Alpha Cubed Investments LLC’s holdings in Home Depot were worth $22,949,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Semmax Financial Advisors Inc. lifted its stake in Home Depot by 111.3% in the second quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer’s stock valued at $53,000 after buying an additional 79 shares during the last quarter. Fred Alger Management LLC raised its position in Home Depot by 5.5% in the 2nd quarter. Fred Alger Management LLC now owns 39,994 shares of the home improvement retailer’s stock valued at $13,768,000 after purchasing an additional 2,079 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Home Depot during the 2nd quarter worth $2,345,000. Trinity Legacy Partners LLC grew its position in Home Depot by 2.9% during the 2nd quarter. Trinity Legacy Partners LLC now owns 14,028 shares of the home improvement retailer’s stock worth $4,829,000 after purchasing an additional 400 shares during the last quarter. Finally, NBW Capital LLC acquired a new position in Home Depot in the second quarter valued at $267,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several analyst reports. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price target for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada boosted their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Check Out Our Latest Report on HD

Home Depot Stock Performance

Shares of HD opened at $410.14 on Thursday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company’s 50 day simple moving average is $406.84 and its 200 day simple moving average is $389.32. The company has a market capitalization of $407.42 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 4.31 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.81 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Home Depot Profile

(Free Report)

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.

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

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