Wealth Management Solutions LLC Acquires 115 Shares of The Home Depot, Inc. (NYSE:HD)

Wealth Management Solutions LLC raised its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,056 shares of the home improvement retailer’s stock after purchasing an additional 115 shares during the quarter. Wealth Management Solutions LLC’s holdings in Home Depot were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Home Depot during the 4th quarter valued at $4,325,629,000. Jennison Associates LLC lifted its position in shares of Home Depot by 21.1% during the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock valued at $2,001,755,000 after buying an additional 840,033 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Home Depot by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after buying an additional 701,811 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Home Depot by 12.2% during the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock valued at $2,166,946,000 after buying an additional 566,462 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of Home Depot by 41.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,503,876 shares of the home improvement retailer’s stock valued at $622,418,000 after buying an additional 436,942 shares during the last quarter. Institutional investors own 70.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HD. Citigroup upped their price target on Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Jefferies Financial Group dropped their price objective on Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Raymond James dropped their price objective on Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Finally, OTR Global cut Home Depot to a “positive” rating in a report on Tuesday, May 10th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $368.45.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Hector A. Padilla sold 136 shares of the firm’s 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 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 filing with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the transaction, the executive vice president now owns 51,175 shares in the company, valued at $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Home Depot Trading Up 0.8 %

Shares of Home Depot stock opened at $309.69 on Friday. The firm has a market capitalization of $318.29 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The business’s 50-day moving average price is $290.90 and its 200-day moving average price is $310.73. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. The firm had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.86 EPS. As a group, analysts predict that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Home Depot Profile

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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.

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

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