Capital Asset Advisory Services LLC Sells 1,741 Shares of The Home Depot, Inc. (NYSE:HD)

Capital Asset Advisory Services LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,068 shares of the home improvement retailer's stock after selling 1,741 shares during the period. Capital Asset Advisory Services LLC's holdings in Home Depot were worth $7,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC grew its position in Home Depot by 15.5% during the 1st quarter. Merit Financial Group LLC now owns 55,063 shares of the home improvement retailer's stock worth $20,180,000 after acquiring an additional 7,397 shares during the last quarter. Affiance Financial LLC lifted its holdings in Home Depot by 7.3% during the 1st quarter. Affiance Financial LLC now owns 590 shares of the home improvement retailer's stock worth $216,000 after buying an additional 40 shares during the period. Lbmc Investment Advisors LLC lifted its holdings in Home Depot by 0.6% during the 1st quarter. Lbmc Investment Advisors LLC now owns 7,695 shares of the home improvement retailer's stock worth $2,820,000 after buying an additional 45 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Home Depot by 0.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 12,837 shares of the home improvement retailer's stock worth $4,705,000 after buying an additional 108 shares during the period. Finally, Pioneer Wealth Management Group acquired a new position in Home Depot during the 1st quarter worth about $217,000. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HD. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and lifted their target price for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. TD Securities downgraded Home Depot to a "buy" rating in a report on Monday. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Home Depot in a report on Monday. Royal Bank of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Finally, Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Down 0.2%

HD stock traded down $0.58 during trading on Wednesday, reaching $372.50. 2,427,204 shares of the stock were exchanged, compared to its average volume of 3,415,928. The firm's 50 day moving average is $361.24 and its 200 day moving average is $385.37. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month 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 firm has a market cap of $370.61 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was 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 directly owns 7,951 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

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.