American International Group Inc. Has $102.60 Million Holdings in The Home Depot, Inc. (NYSE:HD)

American International Group Inc. reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,053 shares of the home improvement retailer’s stock after selling 2,933 shares during the quarter. Home Depot accounts for approximately 0.4% of American International Group Inc.’s investment portfolio, making the stock its 18th biggest holding. American International Group Inc.’s holdings in Home Depot were worth $102,597,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Home Depot in the 4th quarter valued at $4,311,070,000. International Assets Investment Management LLC raised its position in shares of Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares during the period. Jennison Associates LLC lifted its stake in shares of Home Depot by 38.4% during the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after buying an additional 992,444 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Home Depot by 38.9% during the 4th quarter. TD Asset Management Inc now owns 1,769,610 shares of the home improvement retailer’s stock worth $613,258,000 after buying an additional 495,894 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD traded down $1.04 during trading hours on Friday, hitting $346.84. The company’s stock had a trading volume of 2,588,960 shares, compared to its average volume of 3,346,942. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market capitalization of $343.93 billion, a P/E ratio of 23.26, a PEG ratio of 2.40 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock has a fifty day simple moving average of $337.58 and a 200-day simple moving average of $350.74.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $3.82 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.3 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.59%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research reports. Raymond James restated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Royal Bank of Canada lifted their price target on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Citigroup decreased their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Wells Fargo & Company dropped their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Finally, Stifel Nicolaus upped their price target on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Home Depot Company 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.