Aletheian Wealth Advisors LLC Acquires 124 Shares of The Home Depot, Inc. (NYSE:HD)

Aletheian Wealth Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 16.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 886 shares of the home improvement retailer’s stock after purchasing an additional 124 shares during the period. Aletheian Wealth Advisors LLC’s holdings in Home Depot were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HD. Bare Financial Services Inc bought a new stake in shares of Home Depot during the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC lifted its stake in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new position in Home Depot in the 4th quarter valued at approximately $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Tuesday, May 14th. Citigroup dropped their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. UBS Group dropped their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $378.42.

Home Depot Stock Performance

NYSE HD opened at $341.49 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a 50-day simple moving average of $338.15 and a 200 day simple moving average of $352.59. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The company has a market capitalization of $338.62 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.82 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.64%. Home Depot’s dividend payout ratio is currently 60.36%.

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.