Banco Bilbao Vizcaya Argentaria S.A. Sells 9,115 Shares of The Home Depot, Inc. (NYSE:HD)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,495 shares of the home improvement retailer's stock after selling 9,115 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Home Depot were worth $14,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Burling Wealth Partners LLC purchased a new stake in shares of Home Depot in the fourth quarter worth about $3,934,000. Syon Capital LLC lifted its position in Home Depot by 2.0% during the 4th quarter. Syon Capital LLC now owns 7,121 shares of the home improvement retailer's stock worth $2,770,000 after acquiring an additional 143 shares in the last quarter. MGO One Seven LLC lifted its position in Home Depot by 13.8% during the 4th quarter. MGO One Seven LLC now owns 25,894 shares of the home improvement retailer's stock worth $10,073,000 after acquiring an additional 3,147 shares in the last quarter. Alta Advisers Ltd lifted its position in Home Depot by 23.0% during the 4th quarter. Alta Advisers Ltd now owns 3,321 shares of the home improvement retailer's stock worth $1,292,000 after acquiring an additional 621 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC lifted its position in Home Depot by 15.1% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 1,970 shares of the home improvement retailer's stock worth $766,000 after acquiring an additional 259 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on HD. Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Truist Financial dropped their price objective on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Stock Up 0.7 %

HD stock traded up $2.37 during trading hours on Tuesday, hitting $359.29. The company's stock had a trading volume of 791,218 shares, compared to its average volume of 3,450,298. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $357.14 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a 50 day moving average price of $363.21 and a two-hundred day moving average price of $391.72.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the previous year, the company earned $2.82 earnings per share. Home Depot's revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio is presently 61.66%.

Home Depot Company 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.