Angeles Wealth Management LLC Has $3.33 Million Stake in The Home Depot, Inc. (NYSE:HD)

Angeles Wealth Management LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,619 shares of the home improvement retailer’s stock after selling 409 shares during the period. Home Depot comprises about 0.4% of Angeles Wealth Management LLC’s portfolio, making the stock its 27th largest position. Angeles Wealth Management LLC’s holdings in Home Depot were worth $3,333,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Home Depot during the 4th quarter worth approximately $4,311,070,000. International Assets Investment Management LLC increased its holdings in Home Depot by 12,647.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares during the last quarter. Jennison Associates LLC increased its holdings in Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares during the last quarter. Capital Research Global Investors increased its holdings in Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after buying an additional 992,444 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in Home Depot by 38.9% during the fourth quarter. TD Asset Management Inc now owns 1,769,610 shares of the home improvement retailer’s stock worth $613,258,000 after buying an additional 495,894 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 1.0 %

Shares of NYSE:HD traded down $3.36 during mid-day trading on Friday, hitting $327.74. The company had a trading volume of 1,520,493 shares, compared to its average volume of 3,396,764. The firm has a fifty day moving average price of $340.69 and a 200 day moving average price of $349.49. The company has a market capitalization of $324.99 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.82 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.31 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.75%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. The Goldman Sachs Group upped their price objective on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. DA Davidson reiterated a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. Finally, Stifel Nicolaus upped their price objective on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $377.46.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Home Depot Company 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.