IAG Wealth Partners LLC Sells 94 Shares of The Home Depot, Inc. (NYSE:HD)

IAG Wealth Partners LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 12.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 643 shares of the home improvement retailer’s stock after selling 94 shares during the quarter. IAG Wealth Partners LLC’s holdings in Home Depot were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Great West Life Assurance Co. Can raised its position in shares of Home Depot by 4.5% in the second quarter. Great West Life Assurance Co. Can now owns 1,142,814 shares of the home improvement retailer’s stock valued at $356,677,000 after purchasing an additional 49,264 shares during the period. Financial Partners Group LLC increased its holdings in Home Depot by 6.0% during the 2nd quarter. Financial Partners Group LLC now owns 18,820 shares of the home improvement retailer’s stock worth $5,846,000 after acquiring an additional 1,064 shares during the period. Oxford Financial Group Ltd. increased its holdings in Home Depot by 34.8% during the 2nd quarter. Oxford Financial Group Ltd. now owns 5,425 shares of the home improvement retailer’s stock worth $1,685,000 after acquiring an additional 1,400 shares during the period. Joseph Group Capital Management increased its holdings in Home Depot by 7.5% during the 2nd quarter. Joseph Group Capital Management now owns 6,147 shares of the home improvement retailer’s stock worth $1,910,000 after acquiring an additional 429 shares during the period. Finally, First Commonwealth Financial Corp PA increased its holdings in Home Depot by 10.0% during the 2nd quarter. First Commonwealth Financial Corp PA now owns 3,512 shares of the home improvement retailer’s stock worth $1,091,000 after acquiring an additional 318 shares during the period. Institutional investors own 68.34% of the company’s stock.

Insider Activity

In related news, CAO Kimberly R. Scardino sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $326.69, for a total value of $522,704.00. Following the transaction, the chief accounting officer now owns 8,281 shares of the company’s stock, valued at $2,705,319.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Kimberly R. Scardino sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $326.69, for a total value of $522,704.00. Following the transaction, the chief accounting officer now owns 8,281 shares of the company’s stock, valued at $2,705,319.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 12,120 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $325.40, for a total transaction of $3,943,848.00. Following the sale, the executive vice president now owns 73,049 shares in the company, valued at approximately $23,770,144.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,186 shares of company stock valued at $6,862,827 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Guggenheim decreased their target price on shares of Home Depot from $360.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. DA Davidson upped their target price on shares of Home Depot from $290.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, August 16th. Loop Capital boosted their price target on shares of Home Depot from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 16th. Robert W. Baird boosted their price target on shares of Home Depot from $330.00 to $360.00 in a research note on Tuesday, August 15th. Finally, Wells Fargo & Company boosted their price target on shares of Home Depot from $345.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Twelve analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $339.57.

Home Depot Stock Down 0.3 %

Shares of Home Depot stock traded down $1.03 during trading on Monday, hitting $306.24. The company’s stock had a trading volume of 504,357 shares, compared to its average volume of 3,613,897. The company has a debt-to-equity ratio of 28.37, a quick ratio of 0.35 and a current ratio of 1.30. The company has a fifty day simple moving average of $298.63 and a two-hundred day simple moving average of $306.73. The company has a market capitalization of $306.26 billion, a PE ratio of 19.72, a P/E/G ratio of 2.30 and a beta of 0.93. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $347.25.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.06. Home Depot had a net margin of 10.22% and a return on equity of 1,339.65%. The company had revenue of $37.71 billion during the quarter, compared to analyst estimates of $37.59 billion. During the same period last year, the business earned $4.24 EPS. Home Depot’s quarterly revenue was down 3.0% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.05 earnings per share for the current year.

Home Depot announced that its board has approved a share repurchase program on Tuesday, August 15th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Wednesday, November 29th. Home Depot’s payout ratio is presently 53.66%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. 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.