Moody Lynn & Lieberson LLC decreased its holdings in shares of Home Depot Inc (NYSE:HD) by 27.3% in the 4th quarter, Holdings Channel reports. The fund owned 43,596 shares of the home improvement retailer’s stock after selling 16,372 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Home Depot were worth $7,491,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Home Depot by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 82,981,380 shares of the home improvement retailer’s stock valued at $17,189,593,000 after buying an additional 278,763 shares during the period. Vanguard Group Inc grew its holdings in shares of Home Depot by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 82,981,380 shares of the home improvement retailer’s stock valued at $17,189,593,000 after buying an additional 278,763 shares during the period. FMR LLC grew its holdings in shares of Home Depot by 2.8% in the 3rd quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock valued at $6,175,512,000 after buying an additional 813,882 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Home Depot by 4.3% in the 3rd quarter. Alliancebernstein L.P. now owns 9,871,732 shares of the home improvement retailer’s stock valued at $2,044,929,000 after buying an additional 407,767 shares during the period. Finally, Capital International Investors grew its holdings in shares of Home Depot by 129.2% in the 3rd quarter. Capital International Investors now owns 7,080,765 shares of the home improvement retailer’s stock valued at $1,466,780,000 after buying an additional 3,991,462 shares during the period. Institutional investors own 70.88% of the company’s stock.
In other news, EVP Edward P. Decker sold 23,744 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the transaction, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 5,450 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the transaction, the executive vice president now owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,194 shares of company stock valued at $7,553,141. Company insiders own 0.25% of the company’s stock.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.09. The firm had revenue of $26.49 billion during the quarter, compared to analyst estimates of $26.57 billion. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.69 EPS. Sell-side analysts expect that Home Depot Inc will post 10.09 earnings per share for the current year.
Home Depot declared that its board has approved a share buyback program on Tuesday, February 26th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. Home Depot’s dividend payout ratio is presently 55.01%.
Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Bank of America reissued a “neutral” rating and issued a $202.00 price target on shares of Home Depot in a report on Thursday, April 11th. Citigroup decreased their price target on shares of Home Depot from $224.00 to $218.00 and set a “buy” rating for the company in a report on Monday, April 1st. Evercore ISI assumed coverage on shares of Home Depot in a report on Wednesday, March 20th. They issued an “outperform” rating and a $215.00 price target for the company. Finally, DZ Bank lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $204.47.
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About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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