Capital Research Global Investors Has $4.85 Billion Stake in The Home Depot, Inc. (NYSE:HD)

Capital Research Global Investors increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,455,582 shares of the home improvement retailer's stock after purchasing an additional 647,552 shares during the quarter. Home Depot accounts for about 1.0% of Capital Research Global Investors' investment portfolio, making the stock its 24th largest holding. Capital Research Global Investors owned about 1.25% of Home Depot worth $4,845,098,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $32,000. Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the fourth quarter valued at $39,000. Finally, NewSquare Capital LLC lifted its holdings 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 purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD stock traded down $8.03 during trading hours on Monday, hitting $347.03. The company had a trading volume of 4,011,220 shares, compared to its average volume of 3,472,898. 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 $344.96 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm's fifty day moving average is $369.30 and its 200 day moving average is $394.08.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is presently 61.66%.

Analyst Ratings Changes

A number of equities analysts recently commented on HD shares. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Truist Financial reduced their price objective on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $434.08.

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.