VCI Wealth Management LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

VCI Wealth Management LLC raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,684 shares of the home improvement retailer's stock after acquiring an additional 1,883 shares during the period. Home Depot makes up 1.1% of VCI Wealth Management LLC's investment portfolio, making the stock its 23rd largest position. VCI Wealth Management LLC's holdings in Home Depot were worth $2,600,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. W Advisors LLC grew its position in Home Depot by 1.4% in the fourth quarter. W Advisors LLC now owns 2,096 shares of the home improvement retailer's stock worth $815,000 after acquiring an additional 29 shares in the last quarter. Acorn Creek Capital LLC boosted its holdings in shares of Home Depot by 5.2% in the 4th quarter. Acorn Creek Capital LLC now owns 925 shares of the home improvement retailer's stock worth $360,000 after purchasing an additional 46 shares in the last quarter. Buffington Mohr McNeal increased its position in shares of Home Depot by 0.4% during the 4th quarter. Buffington Mohr McNeal now owns 12,435 shares of the home improvement retailer's stock valued at $4,837,000 after purchasing an additional 55 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its holdings in shares of Home Depot by 29.5% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 852 shares of the home improvement retailer's stock valued at $332,000 after buying an additional 194 shares in the last quarter. Finally, BankPlus Wealth Management LLC bought a new stake in Home Depot in the 4th quarter worth approximately $728,000. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, October 28th. Morgan Stanley raised their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, Truist Financial increased their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company's stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company's stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

Shares of NYSE HD traded down $2.64 during trading on Friday, reaching $411.86. 2,761,013 shares of the company traded hands, compared to its average volume of 3,175,677. The firm has a 50 day simple moving average of $408.02 and a 200-day simple moving average of $392.08. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock has a market capitalization of $409.13 billion, a PE ratio of 27.98, a P/E/G ratio of 4.35 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $3.81 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given 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 dividend payout ratio (DPR) is presently 61.14%.

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.