waypoint wealth counsel Grows Position in The Home Depot, Inc. (NYSE:HD)

waypoint wealth counsel boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,110 shares of the home improvement retailer’s stock after buying an additional 522 shares during the quarter. waypoint wealth counsel’s holdings in Home Depot were worth $1,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Union Bancaire Privee UBP SA purchased a new position in shares of Home Depot in the 4th quarter worth $32,202,000. Capital Asset Advisory Services LLC boosted its position in Home Depot by 0.6% in the fourth quarter. Capital Asset Advisory Services LLC now owns 20,809 shares of the home improvement retailer’s stock worth $8,099,000 after purchasing an additional 118 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Home Depot by 19.1% during the 4th quarter. Blue Trust Inc. now owns 36,033 shares of the home improvement retailer’s stock valued at $14,600,000 after purchasing an additional 5,770 shares during the period. PFG Investments LLC increased its position in shares of Home Depot by 5.3% during the 4th quarter. PFG Investments LLC now owns 22,012 shares of the home improvement retailer’s stock valued at $8,562,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Drive Wealth Management LLC lifted its stake in shares of Home Depot by 2.0% in the 4th quarter. Drive Wealth Management LLC now owns 3,933 shares of the home improvement retailer’s stock worth $1,530,000 after purchasing an additional 76 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value 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. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HD. Mizuho upped their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. TD Cowen raised their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, DA Davidson boosted their price objective on 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 assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

Home Depot stock opened at $418.83 on Wednesday. The stock has a market cap of $416.04 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The firm has a 50-day moving average of $407.42 and a two-hundred day moving average of $391.36. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.81 earnings per share. On average, research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.