CFS Investment Advisory Services LLC Has $1.13 Million Stake in The Home Depot, Inc. (NYSE:HD)

CFS Investment Advisory Services LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 45.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,793 shares of the home improvement retailer’s stock after selling 2,313 shares during the period. CFS Investment Advisory Services LLC’s holdings in Home Depot were worth $1,132,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its stake in Home Depot by 0.7% during the third quarter. Raymond James Trust N.A. now owns 148,540 shares of the home improvement retailer’s stock worth $60,188,000 after buying an additional 990 shares in the last quarter. AlphaCore Capital LLC lifted its holdings in shares of Home Depot by 5.5% during the 3rd quarter. AlphaCore Capital LLC now owns 8,168 shares of the home improvement retailer’s stock worth $3,310,000 after acquiring an additional 429 shares during the period. 49 Wealth Management LLC boosted its position in shares of Home Depot by 15.9% during the 3rd quarter. 49 Wealth Management LLC now owns 1,124 shares of the home improvement retailer’s stock valued at $456,000 after acquiring an additional 154 shares in the last quarter. Lathrop Investment Management Corp increased its stake in Home Depot by 0.4% in the third quarter. Lathrop Investment Management Corp now owns 38,047 shares of the home improvement retailer’s stock valued at $15,417,000 after acquiring an additional 165 shares during the period. Finally, L & S Advisors Inc raised its position in Home Depot by 3.0% in the third quarter. L & S Advisors Inc now owns 7,760 shares of the home improvement retailer’s stock worth $3,144,000 after purchasing an additional 227 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 2.3 %

Shares of NYSE:HD opened at $420.01 on Friday. The company has a 50 day moving average price of $403.23 and a two-hundred day moving average price of $368.84. The company has a market capitalization of $417.22 billion, a PE ratio of 28.53, a PEG ratio of 2.85 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $308.31 and a 52 week high of $421.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the business posted $3.81 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.14%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HD shares. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and upped their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. DA Davidson increased their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity at Home Depot

In other Home Depot 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 directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by corporate insiders.

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.