KFG Wealth Management LLC Sells 36 Shares of The Home Depot, Inc. (NYSE:HD)

KFG Wealth Management LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,394 shares of the home improvement retailer’s stock after selling 36 shares during the period. KFG Wealth Management LLC’s holdings in Home Depot were worth $931,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jamison Private Wealth Management Inc. increased its position in shares of Home Depot by 1.4% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 34,358 shares of the home improvement retailer’s stock valued at $13,365,000 after buying an additional 473 shares during the period. Precedent Wealth Partners LLC increased its holdings in Home Depot by 3.0% during the 4th quarter. Precedent Wealth Partners LLC now owns 2,967 shares of the home improvement retailer’s stock worth $1,154,000 after acquiring an additional 87 shares during the period. Affiance Financial LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $214,000. AlphaMark Advisors LLC boosted its holdings in Home Depot by 26.7% in the 4th quarter. AlphaMark Advisors LLC now owns 475 shares of the home improvement retailer’s stock valued at $185,000 after purchasing an additional 100 shares during the period. Finally, Moody Lynn & Lieberson LLC grew its position in shares of Home Depot by 0.8% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 67,162 shares of the home improvement retailer’s stock valued at $26,125,000 after purchasing an additional 546 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD opened at $424.78 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a market capitalization of $421.96 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The stock’s 50 day moving average price is $407.14 and its 200-day moving average price is $390.86. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.81 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.12%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot 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 transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Stifel Nicolaus boosted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. Finally, Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price 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.