Capital World Investors Has $7.64 Billion Position in The Home Depot, Inc. (NYSE:HD)

Capital World Investors decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,652,079 shares of the home improvement retailer's stock after selling 4,148,985 shares during the period. Home Depot accounts for about 1.2% of Capital World Investors' investment portfolio, making the stock its 14th largest holding. Capital World Investors owned 1.98% of Home Depot worth $7,644,513,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $32,000. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $39,000. Finally, NewSquare Capital LLC grew its holdings in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after acquiring an additional 68 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HD shares. Guggenheim reaffirmed a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Gordon Haskett lowered shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Price Performance

Shares of NYSE HD traded up $2.12 during mid-day trading on Wednesday, reaching $356.55. The company had a trading volume of 1,625,273 shares, compared to its average volume of 3,464,513. The firm has a market cap of $354.42 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business's 50-day simple moving average is $366.92 and its 200 day simple moving average is $393.38.

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

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. 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. This represents a $9.20 annualized dividend and a yield of 2.58%. Home Depot's dividend payout ratio is presently 61.66%.

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.