M Holdings Securities Inc. Raises Stock Holdings in The Home Depot, Inc. $HD

Key Points

• M Holdings Securities Inc. increased its stake in The Home Depot by 10%, owning 11,025 shares valued at approximately $4.04 million.
• Despite positive revenue growth of 9.4% year-over-year, Home Depot reported earnings of $3.56 per share, slightly below the consensus estimate.
• The company has announced a quarterly dividend of $2.30, translating to an annualized payout of $9.20 and a yield of 2.3%.

M Holdings Securities Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,025 shares of the home improvement retailer's stock after acquiring an additional 1,000 shares during the quarter. M Holdings Securities Inc.'s holdings in Home Depot were worth $4,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its position in Home Depot by 36.5% in the fourth 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. Bank Pictet & Cie Europe AG grew its position in shares of Home Depot by 4.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock valued at $4,747,000 after purchasing an additional 565 shares in the last quarter. First Trust Advisors LP grew its position in shares of Home Depot by 4.9% in the fourth quarter. First Trust Advisors LP now owns 680,703 shares of the home improvement retailer's stock valued at $264,786,000 after purchasing an additional 31,948 shares in the last quarter. MML Investors Services LLC grew its position in shares of Home Depot by 2.9% in the fourth quarter. MML Investors Services LLC now owns 281,218 shares of the home improvement retailer's stock valued at $109,391,000 after purchasing an additional 7,972 shares in the last quarter. Finally, Landing Point Financial Group LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $419,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 completion of the sale, the executive vice president directly owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% 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 insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HD shares. DA Davidson reduced their price target on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Royal Bank Of Canada reduced their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating and set a $415.00 target price (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Finally, Gordon Haskett boosted their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $427.48.

Home Depot Trading Down 0.3%

Shares of HD stock opened at $399.29 on Monday. The company has a market cap of $397.27 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.80 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a fifty day moving average price of $370.47 and a 200-day moving average price of $371.31. 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 released its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.63 earnings per share. As a group, equities 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 was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is currently 62.42%.

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.

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