The Home Depot, Inc. (NYSE:HD) Shares Acquired by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas grew its position in The Home Depot, Inc. (NYSE:HD) by 1.7% in the third quarter, Holdings Channel.com reports. The fund owned 19,261 shares of the home improvement retailer’s stock after buying an additional 319 shares during the period. Home Depot makes up approximately 1.8% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 17th largest position. Community Bank & Trust Waco Texas’ holdings in Home Depot were worth $7,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Empower Advisory Group LLC grew its stake in Home Depot by 1.7% during the 3rd quarter. Empower Advisory Group LLC now owns 332,921 shares of the home improvement retailer’s stock valued at $134,900,000 after acquiring an additional 5,425 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Home Depot by 14.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 20,783 shares of the home improvement retailer’s stock valued at $8,421,000 after buying an additional 2,563 shares in the last quarter. Commonwealth Retirement Investments LLC boosted its stake in Home Depot by 2.6% in the 3rd quarter. Commonwealth Retirement Investments LLC now owns 18,269 shares of the home improvement retailer’s stock valued at $7,402,000 after buying an additional 468 shares in the last quarter. Savvy Advisors Inc. grew its stake in Home Depot by 25.9% during the third quarter. Savvy Advisors Inc. now owns 5,143 shares of the home improvement retailer’s stock worth $2,084,000 after buying an additional 1,059 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in Home Depot in the third quarter worth $767,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.3 %

Shares of NYSE:HD opened at $403.17 on Wednesday. The firm has a market cap of $400.46 billion, a P/E ratio of 27.13, a PEG ratio of 2.83 and a beta of 1.01. The business’s 50 day simple moving average is $396.76 and its two-hundred day simple moving average is $365.25. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a 52-week low of $287.24 and a 52-week high of $421.56.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $4.65 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.23%. Home Depot’s payout ratio is 60.57%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Royal Bank of Canada raised their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Morgan Stanley upped their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Mizuho upped their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $423.74.

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.