WCG Wealth Advisors LLC Increases Holdings in The Home Depot, Inc. (NYSE:HD)

WCG Wealth Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,800 shares of the home improvement retailer’s stock after purchasing an additional 262 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Home Depot were worth $4,590,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Home Depot by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer’s stock worth $37,251,142,000 after purchasing an additional 875,836 shares in the last quarter. Geode Capital Management LLC grew its stake in Home Depot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer’s stock worth $8,525,046,000 after purchasing an additional 257,036 shares in the last quarter. Norges Bank purchased a new stake in Home Depot in the fourth quarter worth about $5,032,910,000. Capital Research Global Investors lifted its stake in Home Depot by 5.5% in the fourth quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer’s stock worth $4,845,098,000 after acquiring an additional 647,552 shares during the period. Finally, Northern Trust Corp lifted its stake in Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock worth $4,726,186,000 after acquiring an additional 1,424,857 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. Robert W. Baird lowered their price objective on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial upped their target price on Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus raised Home Depot from a “hold” rating to a “buy” rating and increased their target price for the company from $405.00 to $425.00 in a research report on Wednesday. DA Davidson dropped their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot Stock Down 1.3%

Shares of HD stock opened at $365.95 on Friday. The stock’s 50-day simple moving average is $359.62 and its 200-day simple moving average is $387.46. The firm has a market capitalization of $363.77 billion, a PE ratio of 24.86, a P/E/G ratio of 4.03 and a beta of 1.05. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $3.63 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.51%. Home Depot’s dividend payout ratio (DPR) is 62.42%.

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.