Bernardo Wealth Planning LLC Has $211,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Bernardo Wealth Planning LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 5.1% during the first quarter, HoldingsChannel.com reports. The firm owned 706 shares of the home improvement retailer’s stock after acquiring an additional 34 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Home Depot were worth $211,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HD. Rinkey Investments acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $25,000. Shore Point Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $26,000. Tobam acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. Finally, Barnett & Company Inc. raised its position in shares of Home Depot by 173.1% in the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 45 shares during the period. 70.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Home Depot news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the sale, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Trading Up 0.8 %

NYSE:HD opened at $309.69 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The firm has a fifty day simple moving average of $290.90 and a 200 day simple moving average of $310.73. The stock has a market capitalization of $318.29 billion, a PE ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The business had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. During the same period last year, the business earned $3.86 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 2.45%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio is 48.25%.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. Guggenheim cut their price target on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Raymond James lowered their target price on Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Citigroup increased their target price on Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Finally, Wedbush lowered their target price on Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.45.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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