BlueChip Wealth Advisors LLC Purchases Shares of 5,378 The Home Depot, Inc. (NYSE:HD)

BlueChip Wealth Advisors LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,378 shares of the home improvement retailer’s stock, valued at approximately $1,864,000. Home Depot accounts for approximately 1.3% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 18th biggest position.

A number of other large investors also recently bought and sold shares of HD. Bare Financial Services Inc purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $27,000. Keener Financial Planning LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC increased its position in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $35,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on HD shares. Royal Bank of Canada boosted their price target on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. TD Cowen dropped their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. UBS Group dropped their target price on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Mizuho started coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Finally, 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.46.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Up 0.8 %

HD stock traded up $2.66 during mid-day trading on Monday, reaching $349.50. The company had a trading volume of 2,647,149 shares, compared to its average volume of 3,397,345. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a market capitalization of $346.57 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 2.40 and a beta of 1.00. The firm has a fifty day simple moving average of $337.33 and a 200 day simple moving average of $351.54.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter last year, the company earned $3.82 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.58%. Home Depot’s dividend payout ratio is presently 60.36%.

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.