U.S. Capital Wealth Advisors LLC Has $5.75 Million Holdings in The Home Depot, Inc. (NYSE:HD)

U.S. Capital Wealth Advisors LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 7.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,691 shares of the home improvement retailer's stock after selling 1,221 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Home Depot were worth $5,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Navigoe LLC acquired a new position in Home Depot in the fourth quarter worth approximately $29,000. Quarry LP increased its holdings in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in Home Depot in the fourth quarter worth approximately $39,000. Spurstone Advisory Services LLC acquired a new position in Home Depot in the fourth quarter worth approximately $45,000. Finally, Vega Investment Solutions acquired a new position in Home Depot in the fourth quarter worth approximately $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction 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 completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade 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 can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. The trade was 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 company insiders.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research reports. Morgan Stanley restated an "overweight" rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Piper Sandler dropped their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. DA Davidson lowered their price target on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Seven equities 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Performance

Shares of HD traded down $0.19 during mid-day trading on Tuesday, hitting $367.45. The company's stock had a trading volume of 2,530,041 shares, compared to its average volume of 3,583,194. The firm has a market capitalization of $365.59 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The stock's 50-day moving average is $365.35 and its two-hundred day moving average is $375.98. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $3.63 earnings per share. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot's payout ratio is presently 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.