Delta Financial Advisors LLC Decreases Stock Position in The Home Depot, Inc. (NYSE:HD)

Delta Financial Advisors LLC decreased its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 26.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,259 shares of the home improvement retailer’s stock after selling 460 shares during the quarter. Delta Financial Advisors LLC’s holdings in Home Depot were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HD. Rinkey Investments acquired a new position in shares of Home Depot during the 4th quarter valued at about $25,000. Shore Point Advisors LLC acquired a new position in shares of Home Depot during the 4th quarter valued at about $26,000. Tobam acquired a new position in shares of Home Depot during the 1st quarter valued at about $27,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot during the 1st quarter valued at about $27,000. Finally, Barnett & Company Inc. increased its stake in shares of Home Depot by 173.1% during the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.

Insider Activity

In other news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Home Depot news, Director Becker Caryn Seidman bought 1,500 shares of Home Depot stock in a transaction dated Monday, May 23rd. The stock was bought at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the purchase, the director now owns 1,500 shares in the company, valued at approximately $431,595. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on HD shares. Raymond James dropped their price objective on shares of Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. OTR Global downgraded shares of Home Depot to a “positive” rating in a research note on Tuesday, May 10th. Wedbush dropped their price objective on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th. Morgan Stanley dropped their price objective on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Finally, Guggenheim dropped their target price on shares of Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $368.45.

Home Depot Stock Up 0.8 %

NYSE HD opened at $309.69 on Friday. The stock has a market cap of $318.29 billion, a PE ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.99. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The business has a 50 day moving average price of $290.90 and a two-hundred day moving average price of $310.73.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The firm had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. Home Depot’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.86 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 16.43 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is currently 48.25%.

Home Depot Company Profile

(Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.