Beta Wealth Group Inc. Has $2.88 Million Stake in The Home Depot, Inc. (NYSE:HD)

Beta Wealth Group Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 1.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,419 shares of the home improvement retailer’s stock after purchasing an additional 114 shares during the quarter. Home Depot accounts for 2.1% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 18th largest holding. Beta Wealth Group Inc.’s holdings in Home Depot were worth $2,875,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HD. Renaissance Technologies LLC bought a new stake in Home Depot during the first quarter worth $563,524,000. Public Investment Fund bought a new stake in Home Depot during the second quarter worth $450,346,000. Charles Schwab Investment Management Inc. grew its holdings in Home Depot by 14.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after buying an additional 1,361,660 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Home Depot by 334.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 553,390 shares of the home improvement retailer’s stock worth $165,646,000 after buying an additional 425,968 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Home Depot by 19.8% during the second quarter. Franklin Resources Inc. now owns 2,468,341 shares of the home improvement retailer’s stock worth $676,992,000 after buying an additional 408,299 shares in the last quarter. 68.31% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD opened at $331.21 on Tuesday. The stock’s 50-day simple moving average is $319.13 and its 200 day simple moving average is $301.30. The stock has a market capitalization of $339.07 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $382.01.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. The business had revenue of $38.87 billion for the quarter, compared to analysts’ expectations of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.92 EPS. Research analysts forecast that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $7.60 annualized dividend and a dividend yield of 2.29%. Home Depot’s payout ratio is currently 45.81%.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. Jefferies Financial Group upped their price target on Home Depot from $392.00 to $394.00 and gave the stock a “buy” rating in a report on Monday, October 3rd. Guggenheim reduced their price objective on Home Depot to $335.00 in a research note on Thursday, November 17th. Wedbush reduced their price objective on Home Depot to $280.00 in a research note on Wednesday, November 16th. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 price objective for the company. Finally, Cowen upped their price objective on Home Depot from $350.00 to $379.00 and gave the company an “outperform” rating in a research note on Tuesday, December 13th. Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $341.24.

Insider Buying and Selling at Home Depot

In other Home Depot news, Director Paula Santilli purchased 1,583 shares of the stock in a transaction on Wednesday, November 16th. The shares were purchased at an average price of $315.80 per share, with a total value of $499,911.40. Following the acquisition, the director now directly owns 1,583 shares in the company, valued at approximately $499,911.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Home Depot news, Director Paula Santilli purchased 1,583 shares of the stock in a transaction on Wednesday, November 16th. The shares were purchased at an average price of $315.80 per share, with a total value of $499,911.40. Following the acquisition, the director now directly owns 1,583 shares in the company, valued at approximately $499,911.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the sale, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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