Home Depot, Inc. (NYSE:HD) shares sold by Alliance Wealth Advisors LLC
Alliance Wealth Advisors LLC reduced its stake in shares of The Home Depot, Inc. (NYSE: HD – Get Rating) by 35.5% during the first quarter, according to the company in its most recent communication with the Securities and Exchange. Commission (SEC) . The institutional investor held 1,143 shares of the home improvement retailer after selling 630 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in Home Depot were worth $342,000 at the end of last quarter.
Several other large investors have also increased or reduced their stakes in the stock. RDA Financial Network increased its stake in Home Depot shares by 76.3% in the first quarter. RDA Financial Network now owns 2,709 shares of the home improvement retailer worth $811,000 after acquiring an additional 1,172 shares in the last quarter. Wedge Capital Management LLP NC increased its stake in Home Depot shares by 130.7% in the first quarter. Wedge Capital Management LLP NC now owns 1,894 shares of the home improvement retailer worth $567,000 after acquiring 1,073 additional shares in the last quarter. Matisse Capital increased its stake in Home Depot shares by 3.9% in the first quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer worth $797,000 after acquiring 100 more shares last quarter. Marietta Wealth Management LLC increased its stake in Home Depot shares by 3.3% in the first quarter. Marietta Wealth Management LLC now owns 24,168 shares of the home improvement retailer worth $7,234,000 after acquiring an additional 773 shares in the last quarter. Finally, CAPROCK Group Inc. increased its stake in Home Depot shares by 4.4% in the first quarter. CAPROCK Group Inc. now owns 20,066 shares of the home improvement retailer worth $6,006,000 after acquiring 843 additional shares in the last quarter. Institutional investors and hedge funds own 70.61% of the company’s shares.
HD opened at $283.00 on Friday. The company has a market capitalization of $290.85 billion, a price-to-earnings ratio of 17.97, a growth price-to-earnings ratio of 1.61 and a beta of 0.97. The company has a debt ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The company has a 50-day moving average price of $294.61 and a two-hundred-day moving average price of $332.71.
Home Depot (NYSE:HD – Get Rating) last released its results on Tuesday, May 17. The home improvement retailer reported earnings per share of $4.09 for the quarter, beating analysts’ consensus estimate of $3.67 by $0.42. The Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company posted revenue of $38.91 billion in the quarter, versus a consensus estimate of $36.78 billion. In the same period a year earlier, the company posted earnings per share of $3.86. The company’s revenue for the quarter increased by 3.8% compared to the same quarter last year. Equity analysts expect The Home Depot, Inc. to post EPS of 16.47 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1. This represents a dividend of $7.60 on an annualized basis and a dividend yield of 2.69%. The Home Depot’s dividend payout ratio (DPR) is currently 48.25%.
Separately, Executive Vice President Hector A. Padilla sold 136 shares in a trade on Thursday, May 19. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company, valued at approximately $3,248,052.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, Executive Vice President Ann Marie Campbell sold 11,293 shares in a trade on Tuesday, May 24. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares of the company, valued at approximately $14,739,935.25. The disclosure of this sale can be found here. 0.17% of the shares are currently held by company insiders.
Several brokerages have recently weighed in on HD. Edward Jones upgraded Home Depot from a “hold” rating to a “buy” rating in a Friday, Feb. 25, report. Gordon Haskett downgraded Home Depot from a “buy” rating to an “accumulate” rating in a Friday, May 6, report. Guggenheim lowered its price target on Home Depot from $400.00 to $350.00 and set an “na” rating for the company in a Wednesday, May 18 report. Piper Sandler raised her price target on Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a Wednesday, May 18 report. Finally, Raymond James lowered its price target on Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a Wednesday, May 18 report. Five investment analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $369.82.
About Home Depot (Get an evaluation)
The Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.
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