Carlton Hofferkamp & Jenks Wealth Management LLC Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Carlton Hofferkamp & Jenks Wealth Management LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,424 shares of the home improvement retailer’s stock after selling 90 shares during the quarter. Home Depot comprises 0.8% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Home Depot were worth $2,541,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after buying an additional 8,762,735 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Home Depot by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock worth $2,931,328,000 after purchasing an additional 100,139 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Home Depot by 2.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock worth $1,980,883,000 after purchasing an additional 138,396 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Home Depot by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after purchasing an additional 333,312 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $403.17 on Wednesday. The stock has a market cap of $400.46 billion, a PE ratio of 27.13, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a twelve month low of $287.24 and a twelve month high of $421.56. The stock has a fifty day simple moving average of $396.76 and a 200-day simple moving average of $365.25.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.65 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.57%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Evercore ISI decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Melius Research initiated coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $424.67.

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.