Doliver Advisors LP Reduces Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Doliver Advisors LP lessened its stake in The Home Depot, Inc. (NYSE:HD) by 7.2% in the fourth quarter, Holdings Channel reports. The fund owned 3,877 shares of the home improvement retailer’s stock after selling 303 shares during the quarter. Doliver Advisors LP’s holdings in Home Depot were worth $1,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Market Strategies LLC grew its holdings in Home Depot by 2.3% during the 4th quarter. Capital Market Strategies LLC now owns 6,337 shares of the home improvement retailer’s stock valued at $2,465,000 after purchasing an additional 145 shares in the last quarter. CWA Asset Management Group LLC boosted its position in Home Depot by 5.8% in the 4th quarter. CWA Asset Management Group LLC now owns 16,702 shares of the home improvement retailer’s stock valued at $6,497,000 after buying an additional 913 shares during the last quarter. Legacy Wealth Management LLC MS grew its stake in shares of Home Depot by 2.2% during the fourth quarter. Legacy Wealth Management LLC MS now owns 1,316 shares of the home improvement retailer’s stock valued at $512,000 after acquiring an additional 28 shares in the last quarter. Pensionfund Sabic increased its position in shares of Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after acquiring an additional 3,800 shares during the last quarter. Finally, First City Capital Management Inc. lifted its stake in shares of Home Depot by 2.9% in the fourth quarter. First City Capital Management Inc. now owns 26,171 shares of the home improvement retailer’s stock worth $10,180,000 after acquiring an additional 737 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Oppenheimer raised their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Guggenheim upped their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Piper Sandler boosted their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Melius Research initiated coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

Shares of NYSE HD traded up $0.14 during trading on Monday, hitting $389.32. The company had a trading volume of 1,965,881 shares, compared to its average volume of 2,187,356. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $386.74 billion, a P/E ratio of 26.45, a PEG ratio of 2.90 and a beta of 1.05. The business’s 50-day moving average is $406.94 and its 200 day moving average is $384.58. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company posted $3.81 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

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.