Madison Park Capital Advisors LLC Grows Stake in The Home Depot, Inc. (NYSE:HD)

Madison Park Capital Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 83.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 943 shares of the home improvement retailer’s stock after purchasing an additional 429 shares during the quarter. Madison Park Capital Advisors LLC’s holdings in Home Depot were worth $367,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HD. Albion Financial Group UT increased its position in shares of Home Depot by 0.8% during the fourth quarter. Albion Financial Group UT now owns 66,712 shares of the home improvement retailer’s stock worth $25,950,000 after acquiring an additional 511 shares during the last quarter. West Branch Capital LLC raised its position in shares of Home Depot by 5.6% during the 4th quarter. West Branch Capital LLC now owns 12,930 shares of the home improvement retailer’s stock valued at $5,029,000 after acquiring an additional 689 shares in the last quarter. MBM Wealth Consultants LLC boosted its holdings in Home Depot by 1.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 4,482 shares of the home improvement retailer’s stock worth $1,741,000 after purchasing an additional 69 shares during the period. Dakota Wealth Management increased its stake in Home Depot by 14.0% during the fourth quarter. Dakota Wealth Management now owns 76,391 shares of the home improvement retailer’s stock valued at $29,715,000 after purchasing an additional 9,403 shares during the last quarter. Finally, XML Financial LLC raised its holdings in shares of Home Depot by 1.1% during the fourth quarter. XML Financial LLC now owns 7,282 shares of the home improvement retailer’s stock worth $2,833,000 after purchasing an additional 76 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD opened at $414.46 on Friday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a fifty day moving average price of $406.83 and a 200 day moving average price of $389.47. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $411.71 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.41 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company earned $3.81 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HD shares. Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $426.00.

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.