First National Corp MA ADV Decreases Stake in The Home Depot, Inc. (NYSE:HD)

First National Corp MA ADV decreased its position in The Home Depot, Inc. (NYSE:HD) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,253 shares of the home improvement retailer’s stock after selling 50 shares during the period. First National Corp MA ADV’s holdings in Home Depot were worth $876,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC increased its stake in shares of Home Depot by 13.2% during the 4th quarter. Arlington Trust Co LLC now owns 4,305 shares of the home improvement retailer’s stock worth $1,675,000 after purchasing an additional 503 shares during the last quarter. Equitable Trust Co. increased its stake in shares of Home Depot by 3.4% during the 4th quarter. Equitable Trust Co. now owns 29,744 shares of the home improvement retailer’s stock worth $11,570,000 after purchasing an additional 965 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC increased its stake in shares of Home Depot by 0.6% during the 4th quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 12,258 shares of the home improvement retailer’s stock worth $4,768,000 after purchasing an additional 75 shares during the last quarter. Soltis Investment Advisors LLC increased its stake in shares of Home Depot by 11.1% during the 4th quarter. Soltis Investment Advisors LLC now owns 4,346 shares of the home improvement retailer’s stock worth $1,691,000 after purchasing an additional 435 shares during the last quarter. Finally, Silicon Valley Capital Partners increased its stake in shares of Home Depot by 3.1% during the 4th quarter. Silicon Valley Capital Partners now owns 23,718 shares of the home improvement retailer’s stock worth $9,226,000 after purchasing an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value 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. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. 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 research note on Monday, October 21st. Truist Financial lifted their price objective on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, DA Davidson lifted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $428.85.

Home Depot Stock Performance

NYSE HD opened at $416.39 on Wednesday. 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 company has a market capitalization of $413.63 billion, a P/E ratio of 28.29, a P/E/G ratio of 4.22 and a beta of 1.05. The company has a fifty day moving average of $405.88 and a 200-day moving average of $394.98. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

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

Home Depot Announces Dividend

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

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.