AIA Group Ltd Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

AIA Group Ltd lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,164 shares of the home improvement retailer's stock after selling 17,828 shares during the period. Home Depot comprises approximately 1.3% of AIA Group Ltd's holdings, making the stock its 16th largest holding. AIA Group Ltd's holdings in Home Depot were worth $52,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Synergy Asset Management LLC purchased a new stake in Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter worth $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter worth about $32,000. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $39,000. Finally, NewSquare Capital LLC increased its position in shares of Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of HD stock traded up $5.73 during mid-day trading on Wednesday, reaching $371.25. 3,108,791 shares of the company's stock traded hands, compared to its average volume of 3,446,411. 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 firm has a market capitalization of $369.03 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a 50 day moving average price of $388.06 and a two-hundred day moving average price of $398.84.

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Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. The business's quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio is presently 61.66%.

Analysts Set New Price Targets

Several analysts have weighed in on HD shares. Wedbush reaffirmed an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial decreased their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company boosted their target price on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $435.85.

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.