Capital Wealth Planning LLC Has $372.45 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Capital Wealth Planning LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,074,745 shares of the home improvement retailer's stock after selling 38,398 shares during the period. Home Depot comprises 4.3% of Capital Wealth Planning LLC's investment portfolio, making the stock its 11th biggest position. Capital Wealth Planning LLC owned approximately 0.11% of Home Depot worth $372,453,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer's stock valued at $4,540,197,000 after purchasing an additional 347,614 shares during the last quarter. Northern Trust Corp raised its position in shares of Home Depot by 1.3% during the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer's stock valued at $3,730,889,000 after acquiring an additional 153,141 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Home Depot by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer's stock worth $3,050,363,000 after purchasing an additional 195,670 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer's stock worth $1,930,104,000 after purchasing an additional 5,525,791 shares during the period. Finally, Jennison Associates LLC increased its stake in Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer's stock valued at $1,506,659,000 after purchasing an additional 1,207,388 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company's stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Home Depot from $355.00 to $366.00 and gave the company a "hold" rating in a research note on Friday, February 16th. Robert W. Baird restated an "outperform" rating and issued a $370.00 target price on shares of Home Depot in a research note on Wednesday, February 14th. Evercore ISI upped their price objective on shares of Home Depot from $415.00 to $420.00 and gave the stock an "outperform" rating in a report on Tuesday. TD Cowen decreased their price target on shares of Home Depot from $440.00 to $420.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Raymond James restated a "market perform" rating on shares of Home Depot in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $374.96.

Home Depot Stock Down 1.7 %

Shares of Home Depot stock traded down $5.80 during midday trading on Thursday, hitting $342.87. The company had a trading volume of 3,100,819 shares, compared to its average volume of 3,388,255. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock has a market capitalization of $339.79 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.27 and a beta of 1.01. The company has a 50 day moving average of $355.47 and a 200 day moving average of $345.73. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts' consensus estimates of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.82 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.36 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. Home Depot's dividend payout ratio (DPR) is 59.60%.

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.