Financial Architects Inc Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Financial Architects Inc lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,358 shares of the home improvement retailer’s stock after selling 81 shares during the quarter. Financial Architects Inc’s holdings in The Home Depot were worth $2,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in HD. KB Financial Partners LLC purchased a new position in The Home Depot in the 1st quarter worth about $29,000. Elmwood Wealth Management Inc. purchased a new position in The Home Depot in the 1st quarter worth about $41,000. Atlas Capital Advisors LLC increased its stake in The Home Depot by 38.5% in the 2nd quarter. Atlas Capital Advisors LLC now owns 133 shares of the home improvement retailer’s stock worth $42,000 after buying an additional 37 shares during the period. Twin Lakes Capital Management LLC purchased a new position in The Home Depot in the 1st quarter worth about $61,000. Finally, Lake Point Wealth Management purchased a new position in The Home Depot in the 2nd quarter worth about $69,000. 68.97% of the stock is currently owned by institutional investors and hedge funds.

HD traded down $0.97 on Wednesday, hitting $332.15. 63,755 shares of the company’s stock were exchanged, compared to its average volume of 3,967,680. The Home Depot, Inc. has a fifty-two week low of $246.59 and a fifty-two week high of $345.69. The company has a current ratio of 1.06, a quick ratio of 0.35 and a debt-to-equity ratio of 16.31. The firm has a 50-day moving average price of $327.20 and a 200-day moving average price of $314.96. The stock has a market cap of $350.54 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 2.00 and a beta of 1.02.

The Home Depot (NYSE:HD) last announced its earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.10. The Home Depot had a net margin of 10.55% and a return on equity of 709.19%. The company had revenue of $41.12 billion for the quarter, compared to analysts’ expectations of $40.74 billion. During the same quarter in the previous year, the company posted $4.02 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 14.45 EPS for the current year.

The Home Depot announced that its board has authorized a share buyback program on Thursday, May 20th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 16th. Shareholders of record on Thursday, September 2nd will be paid a dividend of $1.65 per share. The ex-dividend date is Wednesday, September 1st. This represents a $6.60 annualized dividend and a yield of 1.99%. The Home Depot’s dividend payout ratio (DPR) is presently 54.86%.

In related news, EVP Hector A. Padilla sold 1,154 shares of the business’s stock in a transaction dated Wednesday, August 18th. The shares were sold at an average price of $325.62, for a total value of $375,765.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Craig A. Menear sold 68,468 shares of the business’s stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $325.46, for a total transaction of $22,283,595.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,622 shares of company stock worth $24,302,611. 0.18% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on HD shares. Morgan Stanley increased their target price on shares of The Home Depot from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, May 24th. Credit Suisse Group increased their target price on shares of The Home Depot from $319.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, May 25th. Royal Bank of Canada increased their target price on shares of The Home Depot from $377.00 to $386.00 and gave the stock an “outperform” rating in a report on Wednesday, May 19th. OTR Global cut shares of The Home Depot to a “positive” rating in a report on Tuesday, August 10th. Finally, Zacks Investment Research cut shares of The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price target on the stock. in a report on Tuesday, July 20th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $339.52.

The Home Depot Company Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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