The Home Depot, Inc. (NYSE:HD) Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 21.5% in the fourth quarter, Holdings Channel reports. The firm owned 29,345 shares of the home improvement retailer’s stock after selling 8,058 shares during the period. Home Depot comprises 0.9% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 22nd largest holding. Cornerstone Wealth Group LLC’s holdings in Home Depot were worth $11,415,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. waypoint wealth counsel raised its stake in shares of Home Depot by 20.2% in the 4th quarter. waypoint wealth counsel now owns 3,110 shares of the home improvement retailer’s stock valued at $1,210,000 after acquiring an additional 522 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Home Depot in the 4th quarter valued at approximately $32,202,000. Capital Asset Advisory Services LLC lifted its stake in Home Depot by 0.6% during the fourth quarter. Capital Asset Advisory Services LLC now owns 20,809 shares of the home improvement retailer’s stock worth $8,099,000 after purchasing an additional 118 shares in the last quarter. Blue Trust Inc. lifted its stake in Home Depot by 19.1% during the fourth quarter. Blue Trust Inc. now owns 36,033 shares of the home improvement retailer’s stock worth $14,600,000 after purchasing an additional 5,770 shares in the last quarter. Finally, PFG Investments LLC boosted its position in shares of Home Depot by 5.3% during the fourth quarter. PFG Investments LLC now owns 22,012 shares of the home improvement retailer’s stock worth $8,562,000 after buying an additional 1,111 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several research reports. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price 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. Bank of America raised their price target 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. Sanford C. Bernstein initiated coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling

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

Home Depot Stock Down 1.4 %

Shares of NYSE:HD opened at $418.83 on Wednesday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market cap of $416.04 billion, a P/E ratio of 28.45, a P/E/G ratio of 4.32 and a beta of 1.05. The firm has a fifty day moving average price of $407.42 and a 200 day moving average price of $391.36.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.