Western Wealth Management LLC Sells 11,023 Shares of The Home Depot, Inc. (NYSE:HD)

Western Wealth Management LLC lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 58.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,698 shares of the home improvement retailer's stock after selling 11,023 shares during the quarter. Home Depot accounts for approximately 0.9% of Western Wealth Management LLC's investment portfolio, making the stock its 21st largest position. Western Wealth Management LLC's holdings in Home Depot were worth $2,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Wealth Group Ltd. boosted its holdings in Home Depot by 5.0% in the fourth 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 last quarter. Tallon Kerry Patrick bought a new position in shares of Home Depot during the 4th quarter worth approximately $281,000. Capital & Planning LLC boosted its holdings in shares of Home Depot by 110.2% during the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock worth $418,000 after buying an additional 563 shares in the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Home Depot by 0.7% during the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after buying an additional 32 shares in the last quarter. Finally, Martel Wealth Advisors Inc bought a new position in shares of Home Depot during the 4th quarter worth approximately $1,221,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HD shares. Wedbush restated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and increased their price target for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Jefferies Financial Group cut their price target on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Mizuho cut their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Finally, Wells Fargo & Company cut their target price on Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Performance

NYSE HD traded up $7.25 during trading on Tuesday, hitting $369.96. 3,990,791 shares of the company's stock traded hands, compared to its average volume of 3,433,877. The stock has a market capitalization of $367.75 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The business has a 50 day moving average of $360.09 and a 200-day moving average of $386.81. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly owns 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

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.