Albion Financial Group UT Has $24.99 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Albion Financial Group UT lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,150 shares of the home improvement retailer’s stock after selling 195 shares during the quarter. Home Depot makes up about 1.9% of Albion Financial Group UT’s investment portfolio, making the stock its 13th largest position. Albion Financial Group UT’s holdings in Home Depot were worth $24,992,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares in the last quarter. Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $4,311,070,000. Fisher Asset Management LLC raised its stake in shares of Home Depot by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after acquiring an additional 195,670 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock valued at $2,240,783,000 after purchasing an additional 82,672 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.4 %

Shares of NYSE:HD opened at $333.58 on Thursday. The firm has a market cap of $330.78 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.31 and a beta of 0.98. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company’s fifty day simple moving average is $338.43 and its 200 day simple moving average is $352.56. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.70%. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group decreased their target price on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Bank of America increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, Truist Financial dropped their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

Insiders Place Their Bets

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value 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 approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.