Congress Park Capital LLC Cuts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Congress Park Capital LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,705 shares of the home improvement retailer’s stock after selling 560 shares during the quarter. Home Depot makes up about 1.1% of Congress Park Capital LLC’s portfolio, making the stock its 28th biggest holding. Congress Park Capital LLC’s holdings in Home Depot were worth $2,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Home Depot during the 4th quarter valued at about $4,311,070,000. International Assets Investment Management LLC increased its stake in Home Depot by 12,647.4% during 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. 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 worth $1,506,659,000 after purchasing an additional 1,207,388 shares during the period. Capital Research Global Investors increased its stake in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after buying an additional 992,444 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Home Depot by 38.9% during the fourth quarter. TD Asset Management Inc now owns 1,769,610 shares of the home improvement retailer’s stock worth $613,258,000 after buying an additional 495,894 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction on Thursday, May 16th. The stock was 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 directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.1 %

Shares of Home Depot stock traded down $0.33 during trading on Thursday, reaching $341.49. 2,688,313 shares of the company were exchanged, compared to its average volume of 3,442,506. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The business has a 50-day moving average price of $338.15 and a 200-day moving average price of $352.59. The firm has a market capitalization of $338.62 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 2.34 and a beta of 1.00.

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

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HD shares. Wells Fargo & Company decreased their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Evercore ISI boosted their target price on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. TD Cowen dropped their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Bank of America boosted their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Company 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.