Lyell Wealth Management LP bought a new stake in Home Depot Inc (NYSE:HD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,899 shares of the home improvement retailer’s stock, valued at approximately $2,936,000. Home Depot comprises about 1.8% of Lyell Wealth Management LP’s holdings, making the stock its 12th largest position.
Other hedge funds have also recently bought and sold shares of the company. Meridian Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $685,000. Cim Investment Mangement Inc. raised its position in Home Depot by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 10,088 shares of the home improvement retailer’s stock valued at $1,353,000 after buying an additional 110 shares in the last quarter. Bluestein R H & Co. raised its position in Home Depot by 5.3% in the fourth quarter. Bluestein R H & Co. now owns 289,678 shares of the home improvement retailer’s stock valued at $38,840,000 after buying an additional 14,493 shares in the last quarter. Pacad Investment Ltd. raised its position in Home Depot by 1,055.3% in the fourth quarter. Pacad Investment Ltd. now owns 72,820 shares of the home improvement retailer’s stock valued at $9,764,000 after buying an additional 66,517 shares in the last quarter. Finally, Diligent Investors LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $314,000. Institutional investors and hedge funds own 71.53% of the company’s stock.
Shares of Home Depot Inc (NYSE:HD) traded up 0.86% during midday trading on Friday, reaching $150.00. 5,019,927 shares of the company traded hands. Home Depot Inc has a 1-year low of $119.20 and a 1-year high of $150.15. The stock has a 50 day moving average price of $147.38 and a 200 day moving average price of $136.59. The firm has a market capitalization of $180.44 billion, a PE ratio of 23.26 and a beta of 1.09.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were given a dividend of $0.89 per share. The ex-dividend date was Tuesday, March 7th. This is an increase from Home Depot’s previous quarterly dividend of $0.69. This represents a $3.56 annualized dividend and a yield of 2.37%. Home Depot’s dividend payout ratio is 44.66%.
Several equities analysts recently commented on HD shares. Wedbush reaffirmed a “neutral” rating and set a $145.00 target price on shares of Home Depot in a report on Wednesday, February 22nd. Vetr raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $153.35 price target for the company in a research report on Monday, April 10th. Telsey Advisory Group increased their price target on shares of Home Depot from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research report on Tuesday, January 17th. Finally, Morgan Stanley raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $165.00 in a research report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $150.23.
About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
