Lebenthal Global Advisors LLC Sells 378 Shares of The Home Depot, Inc. (NYSE:HD)

Lebenthal Global Advisors LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,203 shares of the home improvement retailer’s stock after selling 378 shares during the period. Lebenthal Global Advisors LLC’s holdings in Home Depot were worth $857,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC lifted its holdings in shares of Home Depot by 0.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 20,271 shares of the home improvement retailer’s stock valued at $7,885,000 after purchasing an additional 77 shares during the last quarter. Parsons Capital Management Inc. RI increased its position in Home Depot by 14.1% during the 4th quarter. Parsons Capital Management Inc. RI now owns 52,597 shares of the home improvement retailer’s stock valued at $20,460,000 after buying an additional 6,511 shares in the last quarter. West Wealth Group LLC raised its stake in Home Depot by 3.8% during the fourth quarter. West Wealth Group LLC now owns 1,592 shares of the home improvement retailer’s stock valued at $619,000 after buying an additional 58 shares during the last quarter. Lighthouse Wealth Management Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth $258,000. Finally, Mount Yale Investment Advisors LLC increased its holdings in shares of Home Depot by 25.6% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 12,219 shares of the home improvement retailer’s stock valued at $4,753,000 after acquiring an additional 2,490 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last quarter. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 1.3 %

HD opened at $413.46 on Thursday. The stock has a market cap of $410.72 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm’s fifty day moving average is $407.66 and its 200 day moving average is $391.78. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the business earned $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Guggenheim increased their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. TD Cowen raised their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada upped their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Morgan Stanley upped their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.