Comprehensive Financial Consultants Institutional Inc. Has $2.89 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Apr 13th, 2023

Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,747 shares of the home improvement retailer’s stock after buying an additional 343 shares during the period. Home Depot makes up about 1.7% of Comprehensive Financial Consultants Institutional Inc.’s investment portfolio, making the stock its 7th largest holding. Comprehensive Financial Consultants Institutional Inc.’s holdings in Home Depot were worth $2,885,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Personal Financial Services increased its position in Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 43 shares in the last quarter. Fairfield Bush & CO. bought a new stake in shares of Home Depot in the 1st quarter worth $27,000. Align Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth $30,000. Glassy Mountain Advisors Inc. bought a new stake in shares of Home Depot in the 4th quarter worth $30,000. Finally, Bellwether Advisors LLC increased its holdings in shares of Home Depot by 74.0% in the 3rd quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 68.31% of the company’s stock.

Home Depot Stock Down 1.1 %

Shares of NYSE:HD opened at $290.44 on Thursday. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $347.25. The business has a 50 day simple moving average of $299.53 and a two-hundred day simple moving average of $304.37. The firm has a market capitalization of $294.12 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. The firm had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. Home Depot’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.21 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were issued a dividend of $2.09 per share. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $8.36 dividend on an annualized basis and a yield of 2.88%. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s dividend payout ratio is currently 50.12%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Oppenheimer reduced their target price on Home Depot from $470.00 to $400.00 and set an “outperform” rating for the company in a report on Friday, February 17th. Robert W. Baird reduced their target price on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st. Truist Financial reduced their target price on Home Depot from $382.00 to $352.00 in a report on Wednesday, February 22nd. Citigroup reduced their target price on Home Depot from $340.00 to $332.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Finally, Roth Mkm dropped their price target on Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $329.89.

Home Depot Company Profile

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

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