Cetera Investment Advisers Purchases 18,789 Shares of The Home Depot, Inc. (NYSE:HD)

Key Points

• Cetera Investment Advisers increased its stake in Home Depot by 4.3%, now owning 458,586 shares valued at approximately $168 million as of the latest SEC filing.
• Several institutional investors significantly increased their holdings in Home Depot, with Asset Planning Services Inc. raising its stake by 99,400.7% to over $6.9 billion worth of shares.
• Home Depot announced a quarterly dividend of $2.30, yielding 2.45% annually, with a current dividend payout ratio of 62.42%.

Cetera Investment Advisers increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 458,586 shares of the home improvement retailer's stock after purchasing an additional 18,789 shares during the quarter. Cetera Investment Advisers' holdings in Home Depot were worth $168,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Avantax Advisory Services Inc. increased its position in Home Depot by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 103,504 shares of the home improvement retailer's stock worth $37,933,000 after buying an additional 3,452 shares during the period. Tempus Wealth Planning LLC increased its position in Home Depot by 7.9% in the 1st quarter. Tempus Wealth Planning LLC now owns 2,873 shares of the home improvement retailer's stock worth $1,053,000 after buying an additional 210 shares during the period. Gilbert & Cook Inc. increased its position in Home Depot by 1.6% in the 1st quarter. Gilbert & Cook Inc. now owns 4,062 shares of the home improvement retailer's stock worth $1,489,000 after buying an additional 63 shares during the period. Brookwood Investment Group LLC bought a new position in Home Depot in the 1st quarter worth approximately $1,249,000. Finally, Jackson Hole Capital Partners LLC increased its position in Home Depot by 2.2% in the 1st quarter. Jackson Hole Capital Partners LLC now owns 1,381 shares of the home improvement retailer's stock worth $506,000 after buying an additional 30 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $954,564.00. Following the completion of the sale, the executive vice president owned 7,951 shares of the company's stock, 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. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on HD shares. Truist Financial lifted their price target on Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. Mizuho lowered their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. DA Davidson lowered their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Monday, June 30th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Trading Up 1.4%

NYSE HD traded up $5.10 on Monday, reaching $380.44. The company had a trading volume of 1,431,764 shares, compared to its average volume of 3,537,461. The stock's 50 day moving average is $365.59 and its 200-day moving average is $373.75. The stock has a market cap of $378.51 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.57 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current 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 issued a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.42%. Home Depot's dividend payout ratio is presently 62.42%.

About Home Depot

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.