The Home Depot, Inc. (NYSE:HD) Shares Purchased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,523 shares of the home improvement retailer's stock after acquiring an additional 7,526 shares during the period. Alpha Cubed Investments LLC's holdings in Home Depot were worth $24,380,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after acquiring an additional 565 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Home Depot by 11.1% in the fourth quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer's stock valued at $4,102,000 after purchasing an additional 1,055 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $261,000. Finally, Coordinated Financial Services Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $1,001,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares of the company's stock, 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. Insiders own 0.10% of the company's stock.

Home Depot Stock Up 0.7%

Shares of NYSE:HD traded up $2.56 during trading on Thursday, hitting $373.60. The company's stock had a trading volume of 3,697,652 shares, compared to its average volume of 3,439,731. The business has a 50 day moving average price of $365.72 and a two-hundred day moving average price of $375.88. The company has a market capitalization of $371.70 billion, a PE ratio of 25.35, a P/E/G ratio of 3.49 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results 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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the firm earned $3.63 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.46%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Monday, June 30th. Gordon Haskett raised their price objective on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Truist Financial raised their price target on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Mizuho cut their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target 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.