Angeles Wealth Management LLC Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Angeles Wealth Management LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 6.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,116 shares of the home improvement retailer’s stock after buying an additional 689 shares during the quarter. Home Depot comprises about 0.4% of Angeles Wealth Management LLC’s holdings, making the stock its 28th largest position. Angeles Wealth Management LLC’s holdings in Home Depot were worth $4,909,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HD. Fairway Wealth LLC acquired a new stake in Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter valued at about $33,000. Denver PWM LLC purchased a new stake in Home Depot during the second quarter worth about $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot in the second quarter valued at about $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $392.59 on Monday. The business’s fifty day moving average price is $392.51 and its 200 day moving average price is $362.03. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock has a market capitalization of $389.96 billion, a P/E ratio of 26.42, a PEG ratio of 2.73 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company posted $4.65 EPS. The company’s revenue was up .6% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.29%. Home Depot’s dividend payout ratio is currently 60.57%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HD. Oppenheimer raised their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price on the stock. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Piper Sandler increased their price objective on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $413.48.

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.