Consilium Wealth Advisory LLC Sells 1,314 Shares of The Home Depot, Inc. (NYSE:HD)

Consilium Wealth Advisory LLC lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 46.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,488 shares of the home improvement retailer’s stock after selling 1,314 shares during the period. Consilium Wealth Advisory LLC’s holdings in Home Depot were worth $579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the third quarter valued at approximately $41,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD opened at $390.40 on Thursday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a 50 day simple moving average of $401.17 and a two-hundred day simple moving average of $398.42. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market cap of $387.81 billion, a P/E ratio of 26.52, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.36%. Home Depot’s dividend payout ratio is currently 61.14%.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. Piper Sandler decreased their price objective on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday. Truist Financial decreased their price objective on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Guggenheim reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday. Finally, Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Profile

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.