Abacus FCF Advisors LLC Sells 17,869 Shares of The Home Depot, Inc. (NYSE:HD)

Abacus FCF Advisors LLC decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 36.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,173 shares of the home improvement retailer's stock after selling 17,869 shares during the period. Home Depot makes up 1.8% of Abacus FCF Advisors LLC's portfolio, making the stock its 24th biggest position. Abacus FCF Advisors LLC's holdings in Home Depot were worth $11,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Home Depot by 0.9% during 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 during the period. Geode Capital Management LLC boosted 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 valued at $8,525,046,000 after acquiring an additional 257,036 shares during the period. Norges Bank bought a new position in shares of Home Depot during the fourth quarter valued at approximately $5,032,910,000. Capital Research Global Investors boosted its position in Home Depot by 5.5% during the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after purchasing an additional 647,552 shares during the period. Finally, Northern Trust Corp grew its stake in Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Down 2.1%

Home Depot stock traded down $7.56 during mid-day trading on Wednesday, hitting $360.35. 3,789,459 shares of the company's stock were exchanged, compared to its average volume of 3,413,105. The stock has a 50 day moving average of $361.75 and a two-hundred day moving average of $383.94. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. 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 stock has a market cap of $358.52 billion, a P/E ratio of 24.48, a P/E/G ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter last year, the firm earned $3.63 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson cut their target price on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Piper Sandler lowered their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Home Depot in a research note on Monday, June 2nd. Royal Bank of Canada decreased their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Finally, Gordon Haskett lifted their price objective on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.