Aviso Wealth Management Buys 752 Shares of The Home Depot, Inc. (NYSE:HD)

Key Points

• Aviso Wealth Management increased its stake in The Home Depot by 34.5% during the 1st quarter, acquiring an additional 752 shares for a total of 2,934 shares valued at approximately $1,075,000.
• The Home Depot recently reported a quarterly earnings miss with earnings per share of $3.56, falling short of analysts' expectations of $3.59, despite revenue growth of 9.4% year-over-year.
• The company announced a quarterly dividend of $2.30, yielding an annualized dividend of $9.20 with a payout ratio of 62.42%.

Aviso Wealth Management raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 34.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,934 shares of the home improvement retailer's stock after buying an additional 752 shares during the quarter. Aviso Wealth Management's holdings in Home Depot were worth $1,075,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Asset Planning Services Inc. LA ADV increased its stake in Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares in the last quarter. Capital Research Global Investors lifted its stake in Home Depot by 5.5% in the fourth 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 buying an additional 647,552 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after buying an additional 1,424,857 shares during the period. GAMMA Investing LLC increased its position in shares of Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after acquiring an additional 10,210,851 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Home Depot by 5.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,472,212 shares of the home improvement retailer's stock worth $3,295,606,000 after acquiring an additional 441,729 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 1.6%

Shares of NYSE:HD opened at $373.55 on Friday. The company has a market capitalization of $371.66 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 3.49 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. 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 company has a fifty day moving average of $365.84 and a 200-day moving average of $373.39.

Home Depot (NYSE:HD - Get Free Report) last issued 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). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the business earned $3.63 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on 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 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 position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HD shares. Robert W. Baird cut their price objective on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Monday, June 30th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Gordon Haskett raised their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, DA Davidson lowered their target price on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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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