726 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, Holdings Channel.com reports. The firm acquired 726 shares of the home improvement retailer’s stock, valued at approximately $282,000.

A number of other large investors have also recently bought and sold shares of HD. Sovran Advisors LLC bought a new stake in Home Depot during the fourth quarter worth $1,834,000. Peterson Wealth Services raised its holdings in shares of Home Depot by 3.0% during the 4th quarter. Peterson Wealth Services now owns 14,596 shares of the home improvement retailer’s stock worth $5,678,000 after buying an additional 419 shares in the last quarter. McBroom & Associates LLC lifted its position in shares of Home Depot by 4.2% during the 4th quarter. McBroom & Associates LLC now owns 17,190 shares of the home improvement retailer’s stock worth $6,687,000 after buying an additional 692 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Home Depot in the fourth quarter valued at about $741,000. Finally, Armor Investment Advisors LLC grew its position in Home Depot by 15.6% in the fourth quarter. Armor Investment Advisors LLC now owns 865 shares of the home improvement retailer’s stock valued at $336,000 after acquiring an additional 117 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on HD. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $428.85.

Insider Transactions at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Home Depot stock opened at $416.39 on Wednesday. The stock has a market capitalization of $413.63 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock’s 50 day moving average price is $405.88 and its two-hundred day moving average price is $394.98.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.81 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. Home Depot’s dividend payout ratio is currently 61.14%.

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.