Cable Hill Partners LLC Sells 246 Shares of The Home Depot, Inc. (NYSE:HD)


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Cable Hill Partners LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,541 shares of the home improvement retailer’s stock after selling 246 shares during the quarter. Cable Hill Partners LLC’s holdings in The Home Depot were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Flagship Private Wealth LLC bought a new position in shares of The Home Depot during the 4th quarter worth approximately $32,000. Westchester Capital Management Inc. bought a new stake in The Home Depot during the 4th quarter worth $33,000. Bouvel Investment Partners LLC bought a new stake in shares of The Home Depot in the 4th quarter valued at about $33,000. Claudia M.P. Batlle CRP R LLC bought a new stake in shares of The Home Depot in the 3rd quarter valued at about $34,000. Finally, Johnson Midwest Financial LLC bought a new stake in shares of The Home Depot in the 4th quarter valued at about $40,000. 68.71% of the stock is currently owned by institutional investors and hedge funds.

HD has been the topic of several research analyst reports. DA Davidson cut their target price on The Home Depot from $315.00 to $295.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 18th. Gordon Haskett raised The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price target on the stock in a research note on Thursday, November 12th. Wedbush downgraded The Home Depot from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 11th. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price objective for the company in a research note on Wednesday, January 13th. Finally, Piper Sandler increased their price target on The Home Depot from $288.00 to $296.00 and gave the company a “neutral” rating in a research report on Wednesday, November 18th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $293.25.

HD traded down $16.33 during mid-day trading on Tuesday, reaching $259.52. 153,940 shares of the company traded hands, compared to its average volume of 3,636,138. The stock has a market capitalization of $279.40 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The company’s fifty day moving average price is $275.56 and its 200-day moving average price is $275.77. The Home Depot, Inc. has a 52-week low of $140.63 and a 52-week high of $292.95.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th will be paid a dividend of $1.65 per share. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.54%. The Home Depot’s payout ratio is currently 58.54%.

The Home Depot Company Profile

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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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