SPC Financial Inc. Sells 239 Shares of The Home Depot, Inc. (NYSE:HD)

SPC Financial Inc. trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 5.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,910 shares of the home improvement retailer’s stock after selling 239 shares during the period. SPC Financial Inc.’s holdings in Home Depot were worth $1,500,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Beacon Bridge Wealth Partners LLC lifted its stake in shares of Home Depot by 2.4% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 1,593 shares of the home improvement retailer’s stock valued at $611,000 after purchasing an additional 38 shares during the last quarter. Coulter & Justus Financial Services LLC bought a new stake in shares of Home Depot during the 1st quarter worth approximately $681,000. Vista Capital Partners Inc. bought a new stake in shares of Home Depot during the 1st quarter worth approximately $227,000. Geneos Wealth Management Inc. lifted its stake in shares of Home Depot by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 16,937 shares of the home improvement retailer’s stock worth $6,497,000 after acquiring an additional 266 shares during the last quarter. Finally, 9258 Wealth Management LLC lifted its stake in shares of Home Depot by 3.9% during the 1st quarter. 9258 Wealth Management LLC now owns 14,425 shares of the home improvement retailer’s stock worth $5,534,000 after acquiring an additional 542 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated 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 owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Up 0.3 %

Shares of HD stock opened at $355.01 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock’s fifty day moving average price is $339.19 and its 200 day moving average price is $352.02. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market cap of $352.03 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.38 and a beta of 0.98.

Home Depot (NYSE:HD) last announced 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 return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the previous year, the business earned $3.82 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 2.54%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HD shares. TD Cowen decreased their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and raised their price target for the stock from $352.00 to $395.00 in a research note on Wednesday, June 26th. Wedbush reissued an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research note on Friday, May 10th. Citigroup decreased their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $378.42.

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.