The Home Depot, Inc. (NYSE:HD) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lowered its position in The Home Depot, Inc. (NYSE:HDFree Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,651 shares of the home improvement retailer’s stock after selling 170 shares during the quarter. Home Depot comprises approximately 0.8% of Cigna Investments Inc. New’s investment portfolio, making the stock its 20th biggest holding. Cigna Investments Inc. New’s holdings in Home Depot were worth $3,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BCK Partners Inc. bought a new position in Home Depot during the 1st quarter valued at $2,933,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the first quarter valued at $27,000. Ergoteles LLC bought a new position in Home Depot during the first quarter valued at about $1,554,000. Equitable Holdings Inc. grew its holdings in Home Depot by 7.4% during the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after acquiring an additional 1,007 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after acquiring an additional 24,640 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE HD opened at $365.36 on Tuesday. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company’s fifty day moving average is $369.63 and its two-hundred day moving average is $335.67. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market capitalization of $362.08 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.53 and a beta of 0.98.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the prior year, the company posted $3.30 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Analyst Ratings Changes

A number of analysts recently weighed in on HD shares. The Goldman Sachs Group raised their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Royal Bank of Canada raised their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Guggenheim lifted their target price on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Citigroup upped their target price on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Evercore ISI lifted their price target on Home Depot from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $376.15.

Read Our Latest Research Report on Home Depot

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Home Depot Company 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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