MinichMacGregor Wealth Management LLC Cuts Stake in Home Depot Inc (HD)

MinichMacGregor Wealth Management LLC lowered its stake in shares of Home Depot Inc (NYSE:HD) by 35.9% in the third quarter, HoldingsChannel reports. The firm owned 1,008 shares of the home improvement retailer’s stock after selling 565 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Home Depot were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HD. Viridian Ria LLC boosted its holdings in Home Depot by 12.1% in the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock valued at $465,000 after purchasing an additional 255 shares during the last quarter. Nadler Financial Group Inc. boosted its holdings in Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after purchasing an additional 264 shares during the last quarter. Eagle Capital Management LLC boosted its holdings in Home Depot by 1.4% in the 3rd quarter. Eagle Capital Management LLC now owns 19,839 shares of the home improvement retailer’s stock valued at $4,110,000 after purchasing an additional 265 shares during the last quarter. Exencial Wealth Advisors LLC boosted its holdings in Home Depot by 6.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock valued at $856,000 after purchasing an additional 266 shares during the last quarter. Finally, Bingham Osborn & Scarborough LLC boosted its holdings in Home Depot by 11.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock valued at $529,000 after purchasing an additional 273 shares during the last quarter. 69.77% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Craig A. Menear sold 117,327 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the sale, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at approximately $47,805,887.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Manuel Kadre bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were acquired at an average cost of $177.48 per share, for a total transaction of $354,960.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $354,960. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 13,750 shares of company stock worth $2,401,470 and sold 137,987 shares worth $24,769,526. Corporate insiders own 0.25% of the company’s stock.

Several equities analysts have weighed in on HD shares. Jefferies Financial Group started coverage on shares of Home Depot in a report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $230.00 target price on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a report on Friday, October 5th. Morgan Stanley boosted their target price on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, October 11th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $204.00 target price (down from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $207.00.

Shares of HD stock opened at $172.29 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. Home Depot Inc has a one year low of $167.00 and a one year high of $215.43. The company has a market capitalization of $194.61 billion, a PE ratio of 18.47, a P/E/G ratio of 1.36 and a beta of 1.26.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. During the same period in the prior year, the business posted $1.84 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts expect that Home Depot Inc will post 9.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, November 28th. This represents a $4.12 annualized dividend and a dividend yield of 2.39%. Home Depot’s dividend payout ratio is currently 55.23%.

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Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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