Arbor Wealth Advisors LLC Acquires 841 Shares of The Home Depot, Inc. (NYSE:HD)

Arbor Wealth Advisors LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 135.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,461 shares of the home improvement retailer’s stock after acquiring an additional 841 shares during the quarter. Home Depot comprises approximately 0.5% of Arbor Wealth Advisors LLC’s portfolio, making the stock its 28th largest holding. Arbor Wealth Advisors LLC’s holdings in Home Depot were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Ayrshire Capital Management LLC raised its stake in Home Depot by 0.9% during the 4th quarter. Ayrshire Capital Management LLC now owns 16,348 shares of the home improvement retailer’s stock valued at $6,359,000 after buying an additional 152 shares during the last quarter. Johnson & White Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter valued at $1,793,000. Cullen Investment Group LTD. increased its position in Home Depot by 2.5% during the fourth quarter. Cullen Investment Group LTD. now owns 20,046 shares of the home improvement retailer’s stock valued at $7,798,000 after acquiring an additional 489 shares during the last quarter. Tealwood Asset Management Inc. boosted its position in Home Depot by 1.9% in the fourth quarter. Tealwood Asset Management Inc. now owns 6,338 shares of the home improvement retailer’s stock worth $2,465,000 after purchasing an additional 120 shares during the last quarter. Finally, Grandview Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $639,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $392.98 on Wednesday. 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 1-year low of $323.77 and a 1-year high of $439.37. The business has a 50 day simple moving average of $405.88 and a two-hundred day simple moving average of $386.65. The stock has a market capitalization of $390.37 billion, a PE ratio of 26.70, a P/E/G ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm 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%. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $3.81 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. 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. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HD. Morgan Stanley increased their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $426.00.

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.