Traveka Wealth LLC Buys 110 Shares of The Home Depot, Inc. (NYSE:HD)

Traveka Wealth LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,575 shares of the home improvement retailer’s stock after purchasing an additional 110 shares during the quarter. Traveka Wealth LLC’s holdings in Home Depot were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new stake in shares of Home Depot in the second quarter worth about $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the third quarter worth about $41,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the third quarter worth about $46,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot in the second quarter worth about $47,000. Finally, Quarry LP increased its holdings in shares of Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $392.98 on Wednesday. The stock’s fifty day moving average price is $405.88 and its two-hundred day moving average price is $386.65. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market cap of $390.37 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last posted 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 for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the company earned $3.81 EPS. The company’s revenue was up 6.6% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley increased their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

About Home Depot

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.