Hancock Whitney Corp Has $30.18 Million Holdings in The Home Depot, Inc. $HD

Key Points

• Hancock Whitney Corp reduced its stake in Home Depot by 2.0% during Q1, owning 82,352 shares worth approximately $30.18 million by the end of the quarter.
• Recent insider trading saw EVP Angie Brown and EVP William D. Bastek sell shares, with ownership decreasing by 20.67% and 13.50% respectively.
• Home Depot's quarterly EPS was $4.68, slightly missing analysts' estimates, with the company announcing a quarterly dividend of $2.30 per share, representing a 2.3% yield.

Hancock Whitney Corp lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,352 shares of the home improvement retailer's stock after selling 1,704 shares during the quarter. Home Depot makes up approximately 1.0% of Hancock Whitney Corp's holdings, making the stock its 19th biggest holding. Hancock Whitney Corp's holdings in Home Depot were worth $30,181,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the 1st quarter valued at about $406,000. Wealth Management Partners LLC boosted its stake in shares of Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after purchasing an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV boosted its stake in shares of Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after purchasing an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its stake in shares of Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after purchasing an additional 239 shares during the last quarter. Finally, Tabor Asset Management LP bought a new position in shares of Home Depot in the 1st quarter valued at about $5,886,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 0.3%

HD stock traded up $1.25 during mid-day trading on Monday, hitting $420.20. 3,740,170 shares of the company were exchanged, compared to its average volume of 3,558,608. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market cap of $418.26 billion, a P/E ratio of 28.55, a P/E/G ratio of 3.97 and a beta of 1.00. The firm's 50 day simple moving average is $385.21 and its 200 day simple moving average is $371.13. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,532 shares of company stock worth $18,648,987. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Morgan Stanley lifted their price objective on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $432.52.

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.