Shelton Capital Management cut its stake in Home Depot Inc (NYSE:HD) by 20.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 13,591 shares of the home improvement retailer’s stock after selling 3,537 shares during the period. Shelton Capital Management’s holdings in Home Depot were worth $1,822,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Lyell Wealth Management LP purchased a new stake in Home Depot during the fourth quarter valued at about $2,936,000. Meridian Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $685,000. Cim Investment Mangement Inc. boosted its stake 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 shares of 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 worth $38,840,000 after buying an additional 14,493 shares during the last quarter. Finally, Pacad Investment Ltd. raised its position in shares of 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 worth $9,764,000 after buying an additional 66,517 shares during the last quarter. 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. The firm has a market capitalization of $180.44 billion, a PE ratio of 23.26 and a beta of 1.09. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Home Depot’s previous quarterly dividend of $0.69. The ex-dividend date was Tuesday, March 7th. Home Depot’s dividend payout ratio (DPR) is 44.66%.
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Several equities analysts recently commented on HD shares. Vetr raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $153.35 target price on the stock in a report on Monday, April 10th. Evercore ISI reaffirmed an “underweight” rating on shares of Home Depot in a report on Monday, February 27th. Morgan Stanley raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $150.00 to $165.00 in a report on Thursday, February 23rd. Argus increased their price target on shares of Home Depot to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Home Depot in a research report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $150.23.
Home Depot Company Profile
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.
