Asset Planning Services Inc. LA ADV reduced its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,345 shares of the home improvement retailer’s stock after selling 297 shares during the period. The Home Depot accounts for 3.8% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 8th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in The Home Depot were worth $5,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of The Home Depot by 2.4% during the second quarter. FMR LLC now owns 19,084,248 shares of the home improvement retailer’s stock worth $4,780,796,000 after purchasing an additional 441,321 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in The Home Depot during the second quarter worth $4,049,000. AdvisorNet Financial Inc lifted its stake in shares of The Home Depot by 2.5% in the second quarter. AdvisorNet Financial Inc now owns 11,740 shares of the home improvement retailer’s stock valued at $2,941,000 after buying an additional 281 shares in the last quarter. WFA of San Diego LLC bought a new stake in The Home Depot during the 2nd quarter worth approximately $660,000. Finally, Ninety One UK Ltd lifted its holdings in shares of The Home Depot by 263.8% in the second quarter. Ninety One UK Ltd now owns 307,875 shares of the home improvement retailer’s stock valued at $77,126,000 after purchasing an additional 223,243 shares in the last quarter. Hedge funds and other institutional investors own 63.23% of the company’s stock.

Shares of NYSE HD opened at $274.05 on Thursday. The firm’s fifty day moving average is $268.91 and its 200 day moving average is $271.86. The Home Depot, Inc. has a 52 week low of $140.63 and a 52 week high of $292.95. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The company has a market cap of $295.04 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.84 and a beta of 1.04.

The Home Depot (NYSE:HD) last released its quarterly earnings data on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $33.54 billion for the quarter, compared to analysts’ expectations of $32.03 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. During the same quarter in the previous year, the company earned $2.53 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 11.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, December 2nd. The Home Depot’s dividend payout ratio (DPR) is currently 58.54%.

Several research analysts recently weighed in on HD shares. BNP Paribas began coverage on shares of The Home Depot in a report on Monday, October 5th. They set an “outperform” rating and a $310.00 price target on the stock. Piper Sandler lifted their price target on shares of The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a report on Wednesday, November 18th. They noted that the move was a valuation call. Oppenheimer downgraded shares of The Home Depot from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $320.00 to $305.00 in a report on Friday, September 18th. Telsey Advisory Group raised The Home Depot from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $300.00 to $315.00 in a report on Monday, November 16th. Finally, Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $293.25.

In other The Home Depot news, EVP Ann Marie Campbell sold 120 shares of the firm’s stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $269.03, for a total value of $32,283.60. Following the completion of the sale, the executive vice president now directly owns 46,611 shares in the company, valued at $12,539,757.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Edward P. Decker sold 25,595 shares of the company’s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $269.40, for a total value of $6,895,293.00. Following the transaction, the chief operating officer now owns 97,352 shares in the company, valued at approximately $26,226,628.80. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

The Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Read More: Capital Gains Distribution

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

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