Vigilare Wealth Management trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,914 shares of the home improvement retailer’s stock after selling 195 shares during the period. Home Depot accounts for about 0.8% of Vigilare Wealth Management’s investment portfolio, making the stock its 17th biggest holding. Vigilare Wealth Management’s holdings in Home Depot were worth $1,450,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of HD. Vanguard Group Inc. increased its stake in Home Depot by 1.1% in 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 purchasing an additional 1,011,858 shares in the last quarter. Geode Capital Management LLC increased its stake in Home Depot by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 19,008,019 shares of the home improvement retailer’s stock valued at $5,993,612,000 after purchasing an additional 585,226 shares in the last quarter. Morgan Stanley increased its stake in Home Depot by 10.0% in the fourth quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after purchasing an additional 1,698,402 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Home Depot by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,435,687 shares of the home improvement retailer’s stock valued at $3,899,964,000 after purchasing an additional 607,480 shares in the last quarter. Finally, Norges Bank bought a new stake in Home Depot in the fourth quarter valued at approximately $3,740,875,000. 69.91% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently issued reports on HD. Jefferies Financial Group increased their price objective on shares of Home Depot from $337.00 to $349.00 in a research report on Wednesday, June 14th. Credit Suisse Group lowered their price objective on shares of Home Depot from $320.00 to $310.00 in a research report on Wednesday, May 17th. Morgan Stanley lowered their price objective on shares of Home Depot from $340.00 to $320.00 in a research report on Wednesday, May 17th. Loop Capital increased their price objective on shares of Home Depot from $280.00 to $300.00 in a research report on Wednesday, June 14th. Finally, Wells Fargo & Company increased their price objective on shares of Home Depot from $325.00 to $345.00 in a research report on Thursday, June 8th. Twelve analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.43.
Home Depot Stock Performance
Home Depot (NYSE:HD – Free Report) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, topping the consensus estimate of $3.80 by $0.02. The business had revenue of $37.26 billion during the quarter, compared to the consensus estimate of $38.35 billion. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. Home Depot’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.09 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 14.97 earnings per share for the current year.
Home Depot Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $2.09 dividend. This represents a $8.36 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is 50.94%.
Insiders Place Their Bets
In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of Home Depot stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the sale, the executive vice president now owns 13,958 shares in the company, valued at approximately $4,090,950.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.19% of the company’s stock.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
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