M3 Advisory Group LLC Purchases Shares of 698 The Home Depot, Inc. (NYSE:HD)

M3 Advisory Group LLC acquired a new position in The Home Depot, Inc. (NYSE:HDFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 698 shares of the home improvement retailer’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Research Global Investors grew its stake in shares of Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Home Depot by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after purchasing an additional 347,614 shares during the period. Norges Bank bought a new position in Home Depot in the fourth quarter worth $4,311,070,000. Northern Trust Corp lifted its position in Home Depot by 1.3% in the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after purchasing an additional 153,141 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Home Depot by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after purchasing an additional 195,670 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.8 %

Shares of Home Depot stock traded up $2.66 during trading on Monday, hitting $349.50. 2,647,149 shares of the company were exchanged, compared to its average volume of 3,397,345. The firm has a market capitalization of $346.57 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.40 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm’s fifty day moving average price is $337.33 and its 200 day moving average price is $351.54. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HDGet Free Report) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.82 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.58%. Home Depot’s payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Mizuho assumed coverage on Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Finally, Truist Financial cut their price objective on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Check Out Our Latest Stock Report on HD

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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