Mediolanum International Funds Ltd Has $57.31 Million Stake in The Home Depot, Inc. (NYSE:HD)

Mediolanum International Funds Ltd grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 49.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,514 shares of the home improvement retailer's stock after buying an additional 48,921 shares during the period. Home Depot accounts for 0.7% of Mediolanum International Funds Ltd's investment portfolio, making the stock its 23rd biggest position. Mediolanum International Funds Ltd's holdings in Home Depot were worth $57,305,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in HD. Quarry LP increased its stake in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after purchasing an additional 36 shares during the last quarter. AMF Tjanstepension AB boosted its stake in Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer's stock worth $69,340,000 after buying an additional 16,650 shares during the last quarter. Czech National Bank grew its holdings in Home Depot by 7.0% in the 3rd quarter. Czech National Bank now owns 202,002 shares of the home improvement retailer's stock valued at $81,851,000 after buying an additional 13,151 shares during the period. Triton Wealth Management PLLC increased its stake in shares of Home Depot by 5.2% during the 3rd quarter. Triton Wealth Management PLLC now owns 1,577 shares of the home improvement retailer's stock valued at $646,000 after acquiring an additional 78 shares during the last quarter. Finally, Goelzer Investment Management Inc. lifted its holdings in shares of Home Depot by 8.3% during the 3rd quarter. Goelzer Investment Management Inc. now owns 13,913 shares of the home improvement retailer's stock worth $5,638,000 after acquiring an additional 1,061 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of NYSE HD traded up $2.55 during trading on Wednesday, reaching $414.04. The stock had a trading volume of 2,210,589 shares, compared to its average volume of 3,077,046. 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 $411.29 billion, a PE ratio of 28.13, a P/E/G ratio of 4.34 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm's 50 day moving average price is $407.11 and its two-hundred day moving average price is $393.41.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the firm earned $3.81 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research 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 announced 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 2.17%. Home Depot's dividend payout ratio is currently 61.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a report on Monday, November 11th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price objective for the company. Loop Capital raised Home Depot from a "hold" rating to a "buy" rating and increased their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus raised their price objective on Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm'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 sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company's stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. Company insiders own 0.10% of the company's stock.

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.