Abound Wealth Management Has $240,000 Stake in The Home Depot, Inc. (NYSE:HD)

Abound Wealth Management lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 617 shares of the home improvement retailer’s stock after acquiring an additional 58 shares during the quarter. Abound Wealth Management’s holdings in Home Depot were worth $240,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its position in Home Depot by 7.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 34,539 shares of the home improvement retailer’s stock worth $11,890,000 after purchasing an additional 2,434 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in Home Depot during the 2nd quarter worth $82,000. Marble Harbor Investment Counsel LLC raised its position in Home Depot by 2.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 9,185 shares of the home improvement retailer’s stock worth $3,162,000 after purchasing an additional 200 shares during the last quarter. Bcwm LLC raised its position in Home Depot by 15.6% during the 2nd quarter. Bcwm LLC now owns 27,489 shares of the home improvement retailer’s stock worth $9,463,000 after purchasing an additional 3,718 shares during the last quarter. Finally, Capital Wealth Planning LLC raised its position in shares of Home Depot by 6.9% in the 2nd quarter. Capital Wealth Planning LLC now owns 1,419,580 shares of the home improvement retailer’s stock worth $488,676,000 after acquiring an additional 91,267 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $389.65 on Tuesday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock’s 50 day moving average price is $406.03 and its 200-day moving average price is $386.31. The company has a market capitalization of $387.06 billion, a PE ratio of 26.47, a PEG ratio of 2.90 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company lifted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Melius Research initiated coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Finally, Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.