Asset Planning Services Inc. LA ADV Increases Position in The Home Depot, Inc. (NYSE:HD)

Asset Planning Services Inc. LA ADV lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 99,400.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,975,772 shares of the home improvement retailer's stock after purchasing an additional 18,956,701 shares during the quarter. Home Depot accounts for approximately 88.1% of Asset Planning Services Inc. LA ADV's investment portfolio, making the stock its biggest holding. Asset Planning Services Inc. LA ADV owned 1.91% of Home Depot worth $6,954,431,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Wealth Group LLC raised its position in Home Depot by 9.3% during the first quarter. Cornerstone Wealth Group LLC now owns 32,071 shares of the home improvement retailer's stock worth $11,754,000 after acquiring an additional 2,726 shares in the last quarter. Invesco LLC raised its position in Home Depot by 11.1% during the first quarter. Invesco LLC now owns 4,282 shares of the home improvement retailer's stock worth $1,569,000 after acquiring an additional 427 shares in the last quarter. Harbour Capital Advisors LLC raised its position in Home Depot by 1.8% during the first quarter. Harbour Capital Advisors LLC now owns 18,621 shares of the home improvement retailer's stock worth $6,627,000 after acquiring an additional 324 shares in the last quarter. Proactive Wealth Strategies LLC raised its position in Home Depot by 5.7% during the first quarter. Proactive Wealth Strategies LLC now owns 2,181 shares of the home improvement retailer's stock worth $799,000 after acquiring an additional 118 shares in the last quarter. Finally, Navis Wealth Advisors LLC raised its position in Home Depot by 13.7% during the first quarter. Navis Wealth Advisors LLC now owns 1,505 shares of the home improvement retailer's stock worth $552,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 price target (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Gordon Haskett upped their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and upped their price objective for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Finally, Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated 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 now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 17,367 shares of the company's stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Trading Up 1.0%

Shares of Home Depot stock opened at $360.53 on Wednesday. The company has a market capitalization of $358.70 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 3.39 and a beta of 1.02. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm's 50-day moving average price is $362.79 and its two-hundred day moving average price is $378.77.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

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.

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