Livforsakringsbolaget Skandia Omsesidigt Sells 5,000 Shares of The Home Depot, Inc. (NYSE:HD)

Livforsakringsbolaget Skandia Omsesidigt lessened its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 15.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,724 shares of the home improvement retailer’s stock after selling 5,000 shares during the period. Home Depot comprises approximately 0.7% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 27th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Home Depot were worth $11,505,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Home Depot by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after acquiring an additional 701,811 shares during the last quarter. Morgan Stanley boosted its position in Home Depot by 3.8% during the 3rd quarter. Morgan Stanley now owns 11,938,903 shares of the home improvement retailer’s stock worth $3,919,065,000 after acquiring an additional 433,190 shares during the last quarter. Fisher Asset Management LLC boosted its position in Home Depot by 4.6% during the 4th quarter. Fisher Asset Management LLC now owns 7,830,978 shares of the home improvement retailer’s stock worth $3,249,934,000 after acquiring an additional 346,970 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Home Depot by 11.4% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 5,903,692 shares of the home improvement retailer’s stock worth $1,937,946,000 after acquiring an additional 605,827 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Home Depot by 21.1% in the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock valued at $2,001,755,000 after buying an additional 840,033 shares during the last quarter. Institutional investors own 70.61% of the company’s stock.

NYSE HD traded down $0.57 during trading on Friday, reaching $287.19. The company’s stock had a trading volume of 5,621,770 shares, compared to its average volume of 4,841,342. The stock has a market capitalization of $296.77 billion, a PE ratio of 18.23, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.24. The firm has a fifty day moving average of $307.28 and a 200 day moving average of $350.54. The Home Depot, Inc. has a one year low of $279.59 and a one year high of $420.61.

Home Depot (NYSE:HDGet Rating) last announced its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.41. The business had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.86 EPS. Research analysts expect that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd will be paid a $1.90 dividend. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.65%. Home Depot’s dividend payout ratio is currently 48.25%.

Several equities research analysts have issued reports on HD shares. Evercore ISI cut their price target on Home Depot from $370.00 to $345.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group lowered their price objective on Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Morgan Stanley decreased their price target on Home Depot from $420.00 to $380.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 23rd. Jefferies Financial Group decreased their target price on Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Truist Financial decreased their target price on Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Buy” and an average target price of $373.27.

In other news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hector A. Padilla sold 504 shares of the stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $309.80, for a total value of $156,139.20. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Home Depot Profile (Get Rating)

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 décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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