Venturi Wealth Management LLC Acquires 457 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Apr 16th, 2023

Venturi Wealth Management LLC raised its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,248 shares of the home improvement retailer’s stock after acquiring an additional 457 shares during the quarter. Home Depot makes up 1.0% of Venturi Wealth Management LLC’s holdings, making the stock its 19th largest holding. Venturi Wealth Management LLC’s holdings in Home Depot were worth $10,818,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. First Personal Financial Services grew its position in shares of Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 43 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Home Depot during the first quarter valued at about $27,000. Align Wealth Management LLC bought a new stake in Home Depot during the fourth quarter valued at about $30,000. Glassy Mountain Advisors Inc. bought a new stake in Home Depot during the fourth quarter valued at about $30,000. Finally, Bellwether Advisors LLC boosted its position in Home Depot by 74.0% during the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $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 Up 0.0 %

Shares of HD opened at $292.19 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $347.25. The stock’s 50 day moving average is $297.04 and its two-hundred day moving average is $304.62. The firm has a market cap of $295.89 billion, a P/E ratio of 17.52, a PEG ratio of 1.68 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last issued 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. The company had revenue of $35.83 billion for 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% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were paid 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 dividend on an annualized basis and a dividend yield of 2.86%. Home Depot’s payout ratio is currently 50.12%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. UBS Group dropped their price objective on Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. StockNews.com started coverage on Home Depot in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Robert W. Baird decreased their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. Finally, Oppenheimer decreased their price target on Home Depot from $470.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, February 17th. Thirteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $329.89.

About Home Depot

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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.