Core Alternative Capital Reduces Stake in The Home Depot, Inc. (NYSE:HD)

Core Alternative Capital lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,372 shares of the home improvement retailer’s stock after selling 112 shares during the quarter. Core Alternative Capital’s holdings in Home Depot were worth $534,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HD. AMF Tjanstepension AB lifted its position in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp grew its stake in shares of Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 289 shares during the period. Wealth Group Ltd. purchased a new stake in Home Depot in the 3rd quarter worth approximately $217,000. CX Institutional raised its stake in Home Depot by 225.6% during the 3rd quarter. CX Institutional now owns 32,717 shares of the home improvement retailer’s stock worth $13,257,000 after acquiring an additional 22,668 shares during the period. Finally, Creative Planning raised its stake in Home Depot by 7.0% during the 3rd quarter. Creative Planning now owns 513,327 shares of the home improvement retailer’s stock worth $199,295,000 after acquiring an additional 33,703 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.6 %

NYSE:HD opened at $416.39 on Wednesday. The stock has a fifty day simple moving average of $405.88 and a 200-day simple moving average of $394.98. 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 company has a market cap of $413.63 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly 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 net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the firm posted $3.81 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced 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 dividend yield of 2.16%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HD. Stifel Nicolaus increased their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price target on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One 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. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $428.85.

About Home Depot

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.