Home Depot, Inc. (The) (HD) Position Decreased by Stokes & Hubbell Capital Management LLC

Stokes & Hubbell Capital Management LLC reduced its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 5.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,049 shares of the home improvement retailer’s stock after selling 214 shares during the period. Stokes & Hubbell Capital Management LLC’s holdings in Home Depot, Inc. (The) were worth $595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CT Financial Advisors LLC boosted its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares in the last quarter. Advantage Investment Management LLC bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth approximately $103,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth approximately $131,000. Cable Hill Partners LLC boosted its stake in Home Depot, Inc. (The) by 10.4% in the third quarter. Cable Hill Partners LLC now owns 1,116 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 105 shares in the last quarter. Finally, Edge Wealth Management LLC boosted its stake in Home Depot, Inc. (The) by 5.0% in the first quarter. Edge Wealth Management LLC now owns 1,125 shares of the home improvement retailer’s stock worth $165,000 after buying an additional 54 shares in the last quarter. 72.44% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

Home Depot, Inc. (HD) traded down 0.08% on Friday, hitting $156.64. 9,105,408 shares of the company were exchanged. The stock has a market cap of $187.27 billion, a PE ratio of 23.44 and a beta of 1.10. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The firm has a 50 day moving average of $155.49 and a 200-day moving average of $144.83.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $3.56 dividend on an annualized basis and a yield of 2.27%. Home Depot, Inc. (The)’s payout ratio is currently 53.29%.

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Several analysts recently issued reports on HD shares. Morgan Stanley raised shares of Home Depot, Inc. (The) from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $150.00 to $165.00 in a research note on Thursday, February 23rd. Wedbush reaffirmed a “neutral” rating and set a $145.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, February 22nd. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 price objective for the company in a research note on Monday, April 10th. Citigroup Inc. upped their price objective on shares of Home Depot, Inc. (The) from $163.00 to $168.00 and gave the company a “top pick” rating in a research note on Wednesday, February 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $162.00 target price on shares of Home Depot, Inc. (The) in a report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $163.89.

In related news, Director Wayne M. Hewett bought 350 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $219,954. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the sale, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock valued at $20,167,386 in the last ninety days. Company insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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