16,218 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,218 shares of the home improvement retailer's stock, valued at approximately $6,544,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Lantz Financial LLC boosted its holdings in Home Depot by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer's stock valued at $2,069,000 after purchasing an additional 89 shares during the period. AdvisorNet Financial Inc boosted its holdings in Home Depot by 10.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,595 shares of the home improvement retailer's stock valued at $1,237,000 after purchasing an additional 333 shares during the period. Patrick M Sweeney & Associates Inc. boosted its holdings in Home Depot by 2.4% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 3,374 shares of the home improvement retailer's stock valued at $1,162,000 after purchasing an additional 78 shares during the period. Corundum Group Inc. boosted its holdings in Home Depot by 5.2% in the 2nd quarter. Corundum Group Inc. now owns 5,516 shares of the home improvement retailer's stock valued at $1,899,000 after purchasing an additional 273 shares during the period. Finally, Brookmont Capital Management raised its position in shares of Home Depot by 0.3% in the 2nd quarter. Brookmont Capital Management now owns 164,554 shares of the home improvement retailer's stock valued at $56,646,000 after buying an additional 464 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.3 %

Shares of Home Depot stock traded down $1.21 during trading hours on Wednesday, hitting $421.38. The company had a trading volume of 4,060,474 shares, compared to its average volume of 3,372,871. The company's 50-day moving average is $411.36 and its two-hundred day moving average is $376.78. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month 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 company has a market cap of $418.58 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03.

Home Depot (NYSE:HD - Get Free Report) last announced 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. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.81 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.14%. Home Depot's payout ratio is currently 61.14%.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company's stock, valued at $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 three months. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HD shares. UBS Group upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 target price on the stock. TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus 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.