Central Valley Advisors LLC Has $3.33 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Central Valley Advisors LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,087 shares of the home improvement retailer's stock after selling 936 shares during the quarter. Home Depot comprises approximately 1.3% of Central Valley Advisors LLC's portfolio, making the stock its 25th largest holding. Central Valley Advisors LLC's holdings in Home Depot were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Wealth Group Ltd. increased its position in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after acquiring an additional 27 shares during the period. Tallon Kerry Patrick acquired a new stake in shares of Home Depot during the fourth quarter worth $281,000. Capital & Planning LLC grew its position in Home Depot by 110.2% in the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock valued at $418,000 after buying an additional 563 shares during the last quarter. Ironwood Wealth Management LLC. increased its stake in Home Depot by 0.7% in the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock valued at $1,765,000 after buying an additional 32 shares during the period. Finally, Brighton Jones LLC raised its position in 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 buying an additional 7,203 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm'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 transaction of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

Shares of HD traded down $7.56 during trading hours on Wednesday, reaching $360.35. 3,789,459 shares of the company's stock traded hands, compared to its average volume of 3,413,105. The firm has a market capitalization of $358.52 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 4.03 and a beta of 1.02. The business's fifty day simple moving average is $361.75 and its two-hundred day simple moving average is $383.94. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last released 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). 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 firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.63 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HD. Robert W. Baird dropped their price target on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Home Depot in a report on Monday, June 2nd. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Truist Financial boosted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research report 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 stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average price target 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.