Atlantic Union Bankshares Corp cut its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,609 shares of the home improvement retailer's stock after selling 1,982 shares during the period. Home Depot makes up 0.9% of Atlantic Union Bankshares Corp's portfolio, making the stock its 28th biggest position. Atlantic Union Bankshares Corp's holdings in Home Depot were worth $7,619,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. BCK Partners Inc. purchased a new position in Home Depot in the first quarter worth about $2,933,000. Fairfield Bush & CO. purchased a new position in Home Depot in the first quarter worth about $27,000. ERn Financial LLC boosted its position in Home Depot by 123.3% in the first quarter. ERn Financial LLC now owns 1,628 shares of the home improvement retailer's stock worth $487,000 after purchasing an additional 899 shares during the last quarter. Mather Group LLC. lifted its position in shares of Home Depot by 45.6% during the 1st quarter. Mather Group LLC. now owns 5,157 shares of the home improvement retailer's stock valued at $1,544,000 after buying an additional 1,614 shares in the last quarter. Finally, West Family Investments Inc. lifted its position in shares of Home Depot by 4.4% during the 1st quarter. West Family Investments Inc. now owns 3,594 shares of the home improvement retailer's stock valued at $1,076,000 after buying an additional 150 shares in the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.
Get Home Depot alerts:Insider Activity at Home Depot
In related news, EVP Fahim Siddiqui sold 2,000 shares of the business's stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares in the company, valued at approximately $1,222,747.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Home Depot news, Director Paula Santilli acquired 1,583 shares of the company's stock in a transaction that occurred on Wednesday, November 16th. The stock was bought at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the acquisition, the director now directly owns 1,583 shares in the company, valued at $499,911.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Fahim Siddiqui sold 2,000 shares of the company's stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the sale, the executive vice president now owns 3,928 shares of the company's stock, valued at $1,222,747.12. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on HD shares. Guggenheim lowered their price objective on Home Depot to $335.00 in a research report on Thursday, November 17th. Raymond James cut Home Depot from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 16th. BNP Paribas cut Home Depot from an "outperform" rating to a "neutral" rating and set a $286.00 price objective on the stock. in a research report on Wednesday, October 19th. Truist Financial lowered their price objective on Home Depot from $400.00 to $382.00 and set a "buy" rating on the stock in a research report on Wednesday, November 16th. Finally, Exane BNP Paribas downgraded Home Depot from an "outperform" rating to a "neutral" rating and set a $286.00 target price on the stock. in a research note on Wednesday, October 19th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $341.24.Home Depot Stock Performance
NYSE HD opened at $317.53 on Friday. The company has a market cap of $325.06 billion, a P/E ratio of 19.14, a P/E/G ratio of 1.71 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39. The business's 50 day moving average price is $314.67 and its 200-day moving average price is $298.94. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $404.09.
Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.13. The firm had revenue of $38.87 billion for the quarter, compared to the consensus estimate of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.92 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 16.64 earnings per share for the current year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Wednesday, November 30th. Home Depot's payout ratio is currently 45.81%.
About Home Depot
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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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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