Concord Wealth Partners Sells 611 Shares of The Home Depot, Inc. (NYSE:HD)

Concord Wealth Partners lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% in the 4th quarter, Holdings Channel reports. The firm owned 11,503 shares of the home improvement retailer’s stock after selling 611 shares during the period. Concord Wealth Partners’ holdings in Home Depot were worth $4,475,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP increased its stake in Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after acquiring an additional 36 shares during the last quarter. AMF Tjanstepension AB raised its stake in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares in the last quarter. Czech National Bank lifted its position in Home Depot by 7.0% during the third quarter. Czech National Bank now owns 202,002 shares of the home improvement retailer’s stock valued at $81,851,000 after purchasing an additional 13,151 shares during the last quarter. Mirador Capital Partners LP grew its stake in shares of Home Depot by 4.6% in the 3rd quarter. Mirador Capital Partners LP now owns 1,163 shares of the home improvement retailer’s stock worth $471,000 after buying an additional 51 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Home Depot by 21.4% in the 3rd quarter. GAMMA Investing LLC now owns 21,823 shares of the home improvement retailer’s stock worth $8,842,000 after buying an additional 3,851 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $411.86 on Monday. The company has a market cap of $409.13 billion, a PE ratio of 27.98, a P/E/G ratio of 4.35 and a beta of 1.05. The firm’s 50 day moving average price is $407.86 and its 200-day moving average price is $392.62. 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 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.81 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Bank of America increased their price target 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. Wells Fargo & Company lifted their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Finally, Sanford C. Bernstein started coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.