Viewpoint Capital Management LLC Sells 30 Shares of The Home Depot, Inc. (NYSE:HD)

Viewpoint Capital Management LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,840 shares of the home improvement retailer’s stock after selling 30 shares during the period. Home Depot comprises approximately 1.5% of Viewpoint Capital Management LLC’s portfolio, making the stock its 20th largest position. Viewpoint Capital Management LLC’s holdings in Home Depot were worth $2,733,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Abacus Wealth Partners LLC raised its holdings in shares of Home Depot by 3.7% in the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after buying an additional 25 shares during the period. Redhawk Wealth Advisors Inc. increased its stake in Home Depot by 0.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock worth $1,469,000 after purchasing an additional 25 shares during the period. Ruedi Wealth Management Inc. lifted its position in shares of Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after purchasing an additional 27 shares during the last quarter. Acorn Creek Capital LLC boosted its stake in shares of Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after purchasing an additional 28 shares during the period. Finally, Talisman Wealth Advisors LLC grew its holdings in shares of Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Truist Financial boosted their price target on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a report on Monday, October 14th. Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Finally, UBS Group raised their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $412.00.

Home Depot Stock Performance

Shares of HD opened at $398.91 on Monday. The stock has a 50-day moving average of $389.81 and a two-hundred day moving average of $360.04. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market cap of $396.23 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.78 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $421.56.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.26%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

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.