Iams Wealth Management LLC Sells 513 Shares of The Home Depot, Inc. (NYSE:HD)

Iams Wealth Management LLC cut its position in The Home Depot, Inc. (NYSE:HD) by 10.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,380 shares of the home improvement retailer’s stock after selling 513 shares during the quarter. Home Depot accounts for about 1.0% of Iams Wealth Management LLC’s holdings, making the stock its 29th largest holding. Iams Wealth Management LLC’s holdings in Home Depot were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bare Financial Services Inc purchased a new stake in shares of Home Depot during the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $27,000. Keener Financial Planning LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $31,000. PFG Private Wealth Management LLC raised its position in shares of 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 buying an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot during the 4th quarter valued at $35,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. HSBC reduced their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. UBS Group reduced their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Citigroup reduced their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Finally, Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $378.42.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

HD stock traded down $2.52 during trading on Tuesday, hitting $333.67. 764,095 shares of the company’s stock traded hands, compared to its average volume of 3,438,474. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The business has a fifty day simple moving average of $338.51 and a 200 day simple moving average of $352.80. The stock has a market capitalization of $330.87 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 2.38 and a beta of 0.99.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same quarter last year, the business earned $3.82 earnings per share. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.70%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.