Venture Visionary Partners LLC Has $16.98 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Venture Visionary Partners LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 41,908 shares of the home improvement retailer's stock after selling 2,370 shares during the period. Venture Visionary Partners LLC's holdings in Home Depot were worth $16,982,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter valued at about $25,000. Kings Path Partners LLC bought a new stake in Home Depot during the 2nd quarter valued at approximately $33,000. Denver PWM LLC acquired a new stake in Home Depot in the 2nd quarter valued at approximately $40,000. Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the second quarter worth approximately $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 1.1 %

Shares of NYSE:HD traded down $4.55 during trading on Tuesday, hitting $401.85. 3,907,140 shares of the company's stock were exchanged, compared to its average volume of 3,375,351. The firm has a 50-day moving average price of $387.35 and a two-hundred day moving average price of $359.15. The firm has a market cap of $398.48 billion, a P/E ratio of 26.95, a PEG ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

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Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm's revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $4.65 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.24%. Home Depot's dividend payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 24th. Telsey Advisory Group restated a "market perform" rating and set a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Daiwa America upgraded Home Depot to a "hold" rating in a research note on Thursday, August 15th. Finally, Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $410.67.

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.