Certified Advisory Corp Sells 77 Shares of The Home Depot, Inc. (NYSE:HD)

Certified Advisory Corp reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 11,045 shares of the home improvement retailer’s stock after selling 77 shares during the period. Certified Advisory Corp’s holdings in Home Depot were worth $4,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WFA Asset Management Corp raised its position in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in shares of Home Depot by 5.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after buying an additional 623 shares during the period. Manhattan West Asset Management LLC increased its holdings in shares of Home Depot by 26.8% in the first quarter. Manhattan West Asset Management LLC now owns 766 shares of the home improvement retailer’s stock worth $294,000 after buying an additional 162 shares during the period. Carroll Investors Inc purchased a new stake in Home Depot during the 1st quarter valued at about $636,000. Finally, Morse Asset Management Inc grew its position in Home Depot by 0.7% during the 1st quarter. Morse Asset Management Inc now owns 23,636 shares of the home improvement retailer’s stock worth $9,067,000 after acquiring an additional 160 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 2.3 %

Home Depot stock opened at $420.01 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market cap of $417.22 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 2.85 and a beta of 1.01. The stock has a fifty day simple moving average of $403.23 and a two-hundred day simple moving average of $368.84. The Home Depot, Inc. has a 12 month low of $308.31 and a 12 month high of $421.56.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.14%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insider Buying and Selling at Home Depot

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

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Wednesday, October 2nd. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Finally, DA Davidson boosted their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

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.