Kingswood Wealth Advisors LLC Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Kingswood Wealth Advisors LLC decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 42.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,096 shares of the home improvement retailer's stock after selling 7,311 shares during the period. Kingswood Wealth Advisors LLC's holdings in Home Depot were worth $3,927,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in shares of Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after acquiring an additional 8,762,735 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Home Depot during the 3rd quarter valued at $336,231,000. FMR LLC raised its position in shares of Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock valued at $3,516,827,000 after buying an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer's stock worth $280,932,000 after buying an additional 518,054 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Home Depot by 2.0% in the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock worth $8,767,449,000 after acquiring an additional 433,126 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 12,465 shares of the company's stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.6 %

HD stock traded down $2.64 during trading on Friday, hitting $411.86. 2,761,013 shares of the stock traded hands, compared to its average volume of 2,883,614. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. The firm's 50 day moving average is $407.86 and its two-hundred day moving average is $392.46. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HD shares. DA Davidson upped their target price on Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price target on the stock. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and increased their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.