Deseret Mutual Benefit Administrators Sells 418 Shares of The Home Depot, Inc. (NYSE:HD)

Deseret Mutual Benefit Administrators lessened its position in The Home Depot, Inc. (NYSE:HD) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,439 shares of the home improvement retailer’s stock after selling 418 shares during the quarter. Home Depot comprises about 0.8% of Deseret Mutual Benefit Administrators’ investment portfolio, making the stock its 16th biggest position. Deseret Mutual Benefit Administrators’ holdings in Home Depot were worth $1,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. POM Investment Strategies LLC grew its stake in shares of Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock worth $824,000 after purchasing an additional 24 shares during the last quarter. Center for Financial Planning Inc. lifted its holdings in Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock worth $1,810,000 after buying an additional 24 shares during the period. Insight Inv LLC lifted its holdings in Home Depot by 2.0% during the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock worth $505,000 after buying an additional 25 shares during the period. Marino Stram & Associates LLC grew its position in shares of Home Depot by 2.3% in the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock valued at $431,000 after buying an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC increased its stake in shares of Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock valued at $1,912,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 2.5 %

NYSE:HD opened at $384.82 on Friday. 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 one year low of $323.77 and a one year high of $439.37. The company has a market cap of $382.26 billion, a PE ratio of 26.14, a PEG ratio of 4.04 and a beta of 1.05. The firm has a 50-day moving average of $402.13 and a 200-day moving average of $397.24.

Analysts Set New Price Targets

A number of equities analysts recently commented on HD shares. Wells Fargo & Company lifted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Truist Financial boosted their price target on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada lifted their target price 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. Finally, Mizuho upped their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Home Depot 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.