Wiser Advisor Group LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Wiser Advisor Group LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,535 shares of the home improvement retailer’s stock after purchasing an additional 46 shares during the period. Home Depot comprises about 2.1% of Wiser Advisor Group LLC’s investment portfolio, making the stock its 16th biggest holding. Wiser Advisor Group LLC’s holdings in Home Depot were worth $1,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WFA Asset Management Corp boosted its stake in shares of Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after acquiring an additional 135 shares during the period. China Universal Asset Management Co. Ltd. raised its position in shares of Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after buying an additional 623 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Home Depot in the first quarter worth $430,000. Industrial Alliance Investment Management Inc. boosted its position in shares of Home Depot by 3.9% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,728 shares of the home improvement retailer’s stock worth $1,046,000 after acquiring an additional 103 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in Home Depot by 32.4% during the first quarter. Icon Wealth Advisors LLC now owns 13,305 shares of the home improvement retailer’s stock valued at $5,104,000 after acquiring an additional 3,257 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD stock traded up $7.53 during trading on Monday, reaching $427.53. The company had a trading volume of 399,461 shares, compared to its average volume of 3,382,137. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a twelve month low of $308.59 and a twelve month high of $428.66. The company has a market cap of $424.69 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01. The firm has a 50-day simple moving average of $403.23 and a 200-day simple moving average of $369.25.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.81 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on HD shares. UBS Group boosted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Truist Financial lifted their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Mizuho lifted their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $426.00.

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.