Atticus Wealth Management LLC Sells 62 Shares of The Home Depot, Inc. (NYSE:HD)

Atticus Wealth Management LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,284 shares of the home improvement retailer’s stock after selling 62 shares during the period. Atticus Wealth Management LLC’s holdings in Home Depot were worth $1,278,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Union Bancaire Privee UBP SA bought a new position in Home Depot during the fourth quarter valued at $32,202,000. Capital Asset Advisory Services LLC lifted its position in shares of Home Depot by 0.6% during the 4th quarter. Capital Asset Advisory Services LLC now owns 20,809 shares of the home improvement retailer’s stock valued at $8,099,000 after buying an additional 118 shares during the last quarter. Blue Trust Inc. increased its holdings in Home Depot by 19.1% in the 4th quarter. Blue Trust Inc. now owns 36,033 shares of the home improvement retailer’s stock worth $14,600,000 after acquiring an additional 5,770 shares during the last quarter. PFG Investments LLC raised its stake in Home Depot by 5.3% in the 4th quarter. PFG Investments LLC now owns 22,012 shares of the home improvement retailer’s stock valued at $8,562,000 after acquiring an additional 1,111 shares during the period. Finally, Drive Wealth Management LLC raised its stake in Home Depot by 2.0% in the 4th quarter. Drive Wealth Management LLC now owns 3,933 shares of the home improvement retailer’s stock valued at $1,530,000 after acquiring an additional 76 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HD shares. Bank of America lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Truist Financial lifted their price target on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Performance

NYSE:HD opened at $418.83 on Wednesday. The company has a market capitalization of $416.04 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 4.32 and a beta of 1.05. The business has a 50 day moving average of $407.42 and a 200 day moving average of $391.36. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $3.81 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.15%. Home Depot’s payout ratio is 61.14%.

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.