Moreno Evelyn V Has $1.15 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Moreno Evelyn V trimmed its position in The Home Depot, Inc. (NYSE:HD) by 71.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,320 shares of the home improvement retailer’s stock after selling 8,500 shares during the period. Moreno Evelyn V’s holdings in Home Depot were worth $1,151,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in Home Depot in the fourth quarter valued at approximately $4,311,070,000. International Assets Investment Management LLC lifted its holdings in Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after buying an additional 5,525,791 shares during the period. Jennison Associates LLC lifted its holdings in Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after buying an additional 1,207,388 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Home Depot in the third quarter valued at approximately $207,210,000. Finally, Envestnet Asset Management Inc. increased its stake in Home Depot by 20.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after purchasing an additional 421,619 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Home Depot stock traded down $2.76 during midday trading on Thursday, hitting $327.83. The company’s stock had a trading volume of 1,247,031 shares, compared to its average volume of 3,373,562. The company has a 50-day moving average price of $352.48 and a two-hundred day moving average price of $347.49. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a market cap of $325.08 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.32 and a beta of 1.01. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $3.82 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.31 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, May 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HD shares. Stifel Nicolaus upped their target price on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. HSBC decreased their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. DA Davidson restated a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. Finally, UBS Group reduced their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $377.46.

Home Depot Profile

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.