Astoria Portfolio Advisors LLC. Has $2.17 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Astoria Portfolio Advisors LLC. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,534 shares of the home improvement retailer’s stock after acquiring an additional 360 shares during the period. Home Depot makes up 0.8% of Astoria Portfolio Advisors LLC.’s investment portfolio, making the stock its 25th largest holding. Astoria Portfolio Advisors LLC.’s holdings in Home Depot were worth $2,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Smith Salley Wealth Management raised its position in Home Depot by 5.3% in the 4th quarter. Smith Salley Wealth Management now owns 20,360 shares of the home improvement retailer’s stock valued at $7,920,000 after buying an additional 1,019 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Home Depot by 8.3% in the fourth quarter. Financial Management Professionals Inc. now owns 2,296 shares of the home improvement retailer’s stock valued at $893,000 after purchasing an additional 175 shares during the last quarter. Jackson Square Capital LLC lifted its position in shares of Home Depot by 13.4% during the fourth quarter. Jackson Square Capital LLC now owns 2,767 shares of the home improvement retailer’s stock valued at $1,077,000 after purchasing an additional 326 shares in the last quarter. TruWealth Advisors LLC boosted its holdings in Home Depot by 3.1% during the fourth quarter. TruWealth Advisors LLC now owns 6,724 shares of the home improvement retailer’s stock worth $2,616,000 after purchasing an additional 204 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in Home Depot by 10.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 15,802 shares of the home improvement retailer’s stock worth $6,147,000 after purchasing an additional 1,475 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Barclays lifted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. DA Davidson raised their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Mizuho boosted their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Trading Up 0.0 %

Shares of Home Depot stock opened at $409.42 on Monday. The company’s 50-day moving average price is $406.51 and its 200-day moving average price is $387.81. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD) last posted 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 analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.81 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

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 that occurred on 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 completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last ninety days. 0.10% of the stock is currently owned by insiders.

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.