The Home Depot (HD) Position Trimmed by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. decreased its holdings in shares of The Home Depot (NYSE:HD) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,666 shares of the home improvement retailer’s stock after selling 385 shares during the quarter. The Home Depot makes up approximately 2.3% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 10th biggest holding. Westbourne Investment Advisors Inc.’s holdings in The Home Depot were worth $2,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in The Home Depot by 0.9% during the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after acquiring an additional 703,292 shares during the period. Capital Research Global Investors raised its stake in The Home Depot by 0.9% during the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after acquiring an additional 170,139 shares during the period. Northern Trust Corp raised its stake in The Home Depot by 1.3% during the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after acquiring an additional 222,958 shares during the period. Jennison Associates LLC increased its stake in shares of The Home Depot by 65.4% in the fourth quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock valued at $1,559,421,000 after purchasing an additional 3,254,382 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of The Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after purchasing an additional 84,750 shares during the period. Hedge funds and other institutional investors own 70.69% of the company’s stock.

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Several equities research analysts have commented on the stock. Credit Suisse Group raised their price target on shares of The Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Stifel Nicolaus raised their price target on shares of The Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Telsey Advisory Group restated an “outperform” rating and issued a $220.00 price target (up previously from $190.00) on shares of The Home Depot in a research note on Friday, January 19th. Jefferies Group restated a “buy” rating and issued a $223.00 price target on shares of The Home Depot in a research note on Monday, February 5th. Finally, Oppenheimer restated a “buy” rating on shares of The Home Depot in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The Home Depot presently has a consensus rating of “Buy” and an average price target of $194.04.

In related news, EVP Edward P. Decker sold 17,660 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the completion of the sale, the executive vice president now directly owns 73,815 shares in the company, valued at $13,827,025.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig A. Menear sold 113,687 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the sale, the chief executive officer now owns 237,957 shares of the company’s stock, valued at $43,734,117.03. The disclosure for this sale can be found here. Insiders have sold 169,027 shares of company stock valued at $31,220,882 over the last 90 days. 0.26% of the stock is currently owned by insiders.

The Home Depot stock opened at $174.45 on Friday. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. The company has a market capitalization of $209,178.89, a PE ratio of 23.38, a P/E/G ratio of 1.44 and a beta of 1.15. The Home Depot has a 12-month low of $144.25 and a 12-month high of $207.60.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. The firm had revenue of $23.88 billion during the quarter, compared to analysts’ expectations of $23.65 billion. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. sell-side analysts anticipate that The Home Depot will post 9.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.36%. This is a boost from The Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Wednesday, March 7th. The Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

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About The Home Depot

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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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