Capital Asset Advisory Services LLC Has $5.75 Million Stake in The Home Depot, Inc. (NYSE:HD)

Capital Asset Advisory Services LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,074 shares of the home improvement retailer’s stock after buying an additional 607 shares during the period. Capital Asset Advisory Services LLC’s holdings in Home Depot were worth $5,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Bare Financial Services Inc bought a new stake in Home Depot in the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter worth about $27,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $31,000. PFG Private Wealth Management LLC lifted its holdings in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot in the fourth quarter valued at about $35,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HD. Guggenheim reaffirmed a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $352.00 to $395.00 in a research report on Wednesday. Mizuho began coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Tuesday, May 14th. Finally, TD Cowen decreased their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Trading Up 0.8 %

Shares of NYSE:HD traded up $2.85 during mid-day trading on Friday, reaching $344.34. The stock had a trading volume of 6,343,987 shares, compared to its average volume of 3,465,830. The firm has a market cap of $341.45 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. The firm has a 50 day simple moving average of $338.15 and a two-hundred day simple moving average of $352.59. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period last year, the business posted $3.82 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. Home Depot’s payout ratio is 60.36%.

Insiders Place Their Bets

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.