The Home Depot, Inc. (NYSE:HD) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,629 shares of the home improvement retailer's stock after selling 3,870 shares during the period. Home Depot accounts for 1.9% of Campbell Newman Asset Management Inc.'s holdings, making the stock its 22nd biggest position. Campbell Newman Asset Management Inc.'s holdings in Home Depot were worth $23,973,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the third quarter worth $41,000. Livelsberger Financial Advisory purchased a new position in Home Depot in the 3rd quarter worth $46,000. Strategic Investment Solutions Inc. IL purchased a new position in Home Depot in the 2nd quarter worth $47,000. Quarry LP lifted its position in Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after acquiring an additional 36 shares during the period. Finally, Semmax Financial Advisors Inc. grew its stake in Home Depot by 111.3% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock valued at $53,000 after purchasing an additional 79 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HD. Evercore ISI raised their price objective on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Loop Capital raised shares of Home Depot from a "hold" rating to a "buy" rating and raised their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Morgan Stanley upped their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Finally, DA Davidson upped their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Price Performance

Shares of NYSE:HD traded up $0.09 during trading on Friday, reaching $409.42. The stock had a trading volume of 3,194,517 shares, compared to its average volume of 3,215,818. The business has a fifty day moving average price of $406.44 and a 200-day moving average price of $386.94. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. 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 stock has a market cap of $406.70 billion, a PE ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.81 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot's payout ratio is 61.14%.

Insiders Place Their Bets

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 approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company's stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

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.