Alliance Wealth Advisors LLC UT Cuts Position in The Home Depot, Inc. (NYSE:HD)

Alliance Wealth Advisors LLC UT reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,719 shares of the home improvement retailer’s stock after selling 132 shares during the period. Home Depot makes up about 1.1% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 21st largest position. Alliance Wealth Advisors LLC UT’s holdings in Home Depot were worth $4,170,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Baltimore Washington Financial Advisors Inc. boosted its holdings in Home Depot by 2.7% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,654 shares of the home improvement retailer’s stock worth $19,315,000 after buying an additional 1,318 shares in the last quarter. Optas LLC lifted its position in shares of Home Depot by 11.8% during the 4th quarter. Optas LLC now owns 2,322 shares of the home improvement retailer’s stock valued at $903,000 after acquiring an additional 246 shares during the period. GDS Wealth Management boosted its stake in shares of Home Depot by 6.7% during the 4th quarter. GDS Wealth Management now owns 37,545 shares of the home improvement retailer’s stock worth $14,605,000 after acquiring an additional 2,350 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter worth approximately $220,000. Finally, Holistic Planning LLC raised its holdings in Home Depot by 7.4% during the fourth quarter. Holistic Planning LLC now owns 788 shares of the home improvement retailer’s stock worth $307,000 after purchasing an additional 54 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Home Depot stock opened at $411.79 on Wednesday. The company has a market cap of $409.05 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock’s 50-day moving average is $407.47 and its 200-day moving average is $393.07.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the firm posted $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.19%. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $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 38,188 shares of company stock valued at $15,624,585 over the last three months. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HD. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Mizuho upped their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley raised their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, DA Davidson upped their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $426.00.

About Home Depot

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.