First National Bank of Mount Dora Trust Investment Services decreased its stake in The Home Depot, Inc. (NYSE:HD) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,118 shares of the home improvement retailer’s stock after selling 2,847 shares during the quarter. The Home Depot makes up 2.4% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 9th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in The Home Depot were worth $6,751,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. CI Investments Inc. lifted its holdings in The Home Depot by 7.4% during the fourth quarter. CI Investments Inc. now owns 80,119 shares of the home improvement retailer’s stock valued at $21,281,000 after purchasing an additional 5,505 shares in the last quarter. Clearview Wealth Advisors LLC bought a new position in The Home Depot in the 4th quarter worth $249,000. S&CO Inc. purchased a new stake in The Home Depot in the 3rd quarter worth $5,027,000. Venture Visionary Partners LLC raised its holdings in The Home Depot by 99.2% during the fourth quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer’s stock valued at $7,375,000 after acquiring an additional 13,825 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of The Home Depot by 14.0% in the fourth quarter. IFP Advisors Inc now owns 19,001 shares of the home improvement retailer’s stock valued at $5,059,000 after acquiring an additional 2,330 shares in the last quarter. 68.71% of the stock is currently owned by hedge funds and other institutional investors.
HD has been the topic of a number of research analyst reports. Zelman & Associates raised The Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 12th. Guggenheim raised shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Wednesday, January 13th. Wells Fargo & Company raised their target price on shares of The Home Depot from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “buy” rating and issued a $319.00 price target on shares of The Home Depot in a research note on Thursday, March 25th. Finally, Citigroup assumed coverage on The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $299.32.
The Home Depot (NYSE:HD) last issued its earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 EPS for the quarter, topping the Zacks’ consensus estimate of $2.63 by $0.02. The business had revenue of $32.26 billion for the quarter, compared to analyst estimates of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company posted $2.28 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 11.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were given a dividend of $1.65 per share. The ex-dividend date was Wednesday, March 10th. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.12%. The Home Depot’s payout ratio is 64.39%.
The Home Depot Company Profile
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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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