Comprehensive Financial Consultants Institutional Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,747 shares of the home improvement retailer’s stock after buying an additional 343 shares during the period. Home Depot makes up approximately 1.7% of Comprehensive Financial Consultants Institutional Inc.’s portfolio, making the stock its 7th largest position. Comprehensive Financial Consultants Institutional Inc.’s holdings in Home Depot were worth $2,885,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Vanguard Group Inc. increased its holdings in Home Depot by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 94,440,614 shares of the home improvement retailer’s stock valued at $26,059,943,000 after purchasing an additional 1,011,858 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Home Depot by 14.5% in the 1st 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 last quarter. Alliancebernstein L.P. increased its holdings in Home Depot by 9.1% in the 3rd 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 last quarter. Price T Rowe Associates Inc. MD boosted its position in Home Depot by 2.3% in the 3rd 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 period. Finally, Cottage Street Advisors LLC boosted its position in Home Depot by 26,657.7% in the 4th 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 period. Institutional investors and hedge funds own 68.31% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on HD shares. Loop Capital decreased their price objective on shares of Home Depot from $310.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, February 22nd. Morgan Stanley cut their price target on shares of Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 22nd. Cowen cut their price target on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Oppenheimer cut their price target on shares of Home Depot from $470.00 to $400.00 and set an “outperform” rating on the stock in a research note on Friday, February 17th. Finally, Telsey Advisory Group cut their price target on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Thirteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $329.89.
Home Depot Stock Down 1.1 %
Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.04. The firm had revenue of $35.83 billion for the quarter, compared to the consensus estimate of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 earnings per share. On average, research analysts expect that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.
Home Depot Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were given a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 annualized dividend and a dividend yield of 2.88%. Home Depot’s dividend payout ratio is currently 50.12%.
About Home Depot
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.
Read More
- Get a free copy of the StockNews.com research report on Home Depot (HD)
- Should Cheesecake Factory Stock Be On Your Menu?
- Buffett Reduces Taiwan Semiconductor Stake After This Happened
- Don’t Get Bullish On The S&P 500 Because Of The CPI Report
- Shockwave Medical Gets 10% Jolt, Leads Medical Gear Makers Higher
- Proterra Inc., A Penny Stock To Put On The Watchlist
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Get Rating).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
