The Home Depot, Inc. (NYSE:HD) Stake Reduced by Physicians Financial Services Inc.

Physicians Financial Services Inc. trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,628 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Home Depot makes up about 1.4% of Physicians Financial Services Inc.’s investment portfolio, making the stock its 17th largest holding. Physicians Financial Services Inc.’s holdings in Home Depot were worth $4,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. AMF Tjanstepension AB increased its holdings in shares of 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 during the period. SYM FINANCIAL Corp increased its stake in Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after buying an additional 289 shares during the period. Wealth Group Ltd. bought a new stake in shares of Home Depot during the 3rd quarter worth about $217,000. Swedbank AB lifted its stake in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after acquiring an additional 132,967 shares during the period. Finally, Syntegra Private Wealth Group LLC boosted its holdings in shares of Home Depot by 3.1% in the third quarter. Syntegra Private Wealth Group LLC now owns 3,389 shares of the home improvement retailer’s stock valued at $1,373,000 after acquiring an additional 102 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $384.82 on Friday. The company has a market capitalization of $382.26 billion, a PE ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. 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 company’s 50 day moving average price is $402.13 and its 200 day moving average price is $397.24. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Thursday. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. 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, DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

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.