Transamerica Financial Advisors Inc. Sells 1,767 Shares of The Home Depot, Inc. (NYSE:HD)

Transamerica Financial Advisors Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 9.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,018 shares of the home improvement retailer’s stock after selling 1,767 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Home Depot were worth $6,491,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HD. WFA Asset Management Corp lifted its position in Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after acquiring an additional 623 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Home Depot during the 1st quarter worth about $430,000. Creekmur Asset Management LLC boosted its position in shares of Home Depot by 19.2% during the 1st quarter. Creekmur Asset Management LLC now owns 540 shares of the home improvement retailer’s stock valued at $207,000 after acquiring an additional 87 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in Home Depot by 13.2% in the first quarter. Tidal Investments LLC now owns 58,528 shares of the home improvement retailer’s stock valued at $22,468,000 after acquiring an additional 6,824 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.3 %

Shares of NYSE:HD traded down $1.24 during trading on Tuesday, hitting $427.43. 312,471 shares of the company’s stock were exchanged, compared to its average volume of 3,386,506. The firm has a 50-day moving average price of $404.17 and a two-hundred day moving average price of $369.82. The Home Depot, Inc. has a 1-year low of $308.59 and a 1-year high of $430.25. The firm has a market cap of $424.59 billion, a P/E ratio of 29.12, a PEG ratio of 2.92 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the company posted $3.81 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.11%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Wells Fargo & Company upped their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

About Home Depot

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.