Marietta Wealth Management LLC raised its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,560 shares of the home improvement retailer’s stock after acquiring an additional 452 shares during the quarter. Home Depot makes up 1.8% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Marietta Wealth Management LLC’s holdings in Home Depot were worth $8,073,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Home Depot by 1.1% during the third quarter. Vanguard Group Inc. now owns 94,440,614 shares of the home improvement retailer’s stock valued at $26,059,943,000 after buying an additional 1,011,858 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Home Depot by 14.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after purchasing an additional 1,361,660 shares during the period. Alliancebernstein L.P. lifted its position in Home Depot by 9.1% during the third quarter. Alliancebernstein L.P. now owns 9,722,967 shares of the home improvement retailer’s stock valued at $2,682,956,000 after purchasing an additional 812,278 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 2.3% during the third quarter. Price T Rowe Associates Inc. MD now owns 5,929,065 shares of the home improvement retailer’s stock valued at $1,636,544,000 after buying an additional 131,560 shares during the last quarter. Finally, Cottage Street Advisors LLC increased its holdings in Home Depot by 26,657.7% during the fourth quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock valued at $659,000 after buying an additional 3,567,063 shares during the last quarter. Hedge funds and other institutional investors own 68.31% of the company’s stock.
Wall Street Analyst Weigh In
HD has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Home Depot in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Cowen cut their target price on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, February 22nd. Evercore ISI lowered their price objective on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Barclays lowered their target price on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating for the company in a report on Wednesday, February 22nd. Finally, Oppenheimer decreased their price objective on shares of Home Depot from $470.00 to $400.00 and set an “outperform” rating for the company in a report on Friday, February 17th. Thirteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $329.89.
Home Depot Stock Down 1.1 %
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating the consensus estimate of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The business had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. During the same period in the previous year, the business posted $3.21 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.85 EPS for the current year.
Home Depot Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were paid a $2.09 dividend. This is a boost from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Wednesday, March 8th. Home Depot’s payout ratio is currently 50.12%.
Home Depot Company Profile
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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