United Services Automobile Association Has $82.05 Million Holdings in The Home Depot, Inc. (NYSE:HD)

United Services Automobile Association lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 24.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,489 shares of the home improvement retailer’s stock after selling 64,049 shares during the quarter. Home Depot accounts for approximately 2.1% of United Services Automobile Association’s investment portfolio, making the stock its 7th largest position. United Services Automobile Association’s holdings in Home Depot were worth $82,049,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth about $33,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 3rd quarter worth about $46,000. Denver PWM LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the 2nd quarter valued at about $47,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HD. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Stifel Nicolaus lifted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Finally, Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 1.1 %

Shares of NYSE:HD opened at $431.31 on Friday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a fifty day moving average of $409.96 and a 200 day moving average of $374.14. The firm has a market capitalization of $428.45 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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, 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 firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.81 earnings per share. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 100 shares of the 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $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 sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. Corporate insiders own 0.10% of the company’s stock.

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.