Moser Wealth Advisors LLC Lowers Position in The Home Depot, Inc. (NYSE:HD)

Moser Wealth Advisors LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,478 shares of the home improvement retailer’s stock after selling 155 shares during the period. Moser Wealth Advisors LLC’s holdings in Home Depot were worth $1,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. Synergy Asset Management LLC purchased a new stake in Home Depot during the fourth quarter valued at $26,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $41,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the 3rd quarter valued at about $46,000. Finally, Finley Financial LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $59,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Truist Financial raised their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein started coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of HD stock opened at $407.39 on Monday. The firm has a market cap of $404.68 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company’s 50 day moving average is $406.14 and its 200 day moving average is $394.24.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.

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.