Pacific Global Investment Management Co. Has $6.57 Million Stake in The Home Depot, Inc. (NYSE:HD)

Pacific Global Investment Management Co. cut its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,790 shares of the home improvement retailer’s stock after selling 68 shares during the quarter. Home Depot makes up 1.6% of Pacific Global Investment Management Co.’s portfolio, making the stock its 14th largest position. Pacific Global Investment Management Co.’s holdings in Home Depot were worth $6,565,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $563,524,000. Public Investment Fund bought a new position in shares of Home Depot in the 2nd quarter valued at about $450,346,000. Charles Schwab Investment Management Inc. increased its stake in shares of Home Depot by 14.5% during the 1st 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 purchasing an additional 1,361,660 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Home Depot by 334.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 553,390 shares of the home improvement retailer’s stock valued at $165,646,000 after purchasing an additional 425,968 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Home Depot by 19.8% in the 2nd quarter. Franklin Resources Inc. now owns 2,468,341 shares of the home improvement retailer’s stock valued at $676,992,000 after purchasing an additional 408,299 shares during the last quarter. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.4 %

Shares of NYSE HD opened at $331.21 on Tuesday. The stock has a 50-day moving average price of $319.13 and a two-hundred day moving average price of $301.30. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $382.01. The company has a current ratio of 1.39, a quick ratio of 0.33 and a debt-to-equity ratio of 32.16. The company has a market cap of $339.07 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.77 and a beta of 0.95.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.13. The company 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 business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.92 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 16.64 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Insider Activity at Home Depot

In other news, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares in the company, valued at $1,222,747.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paula Santilli purchased 1,583 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was acquired at an average cost of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the purchase, the director now owns 1,583 shares of the company’s stock, valued at approximately $499,911.40. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Piper Sandler lowered their price target on Home Depot from $327.00 to $323.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 16th. Credit Suisse Group started coverage on shares of Home Depot in a report on Tuesday, December 20th. They issued a “neutral” rating and a $335.00 price objective on the stock. Raymond James downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 16th. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Finally, Cowen boosted their price objective on Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a report on Tuesday, December 13th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $341.24.

About Home Depot

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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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