Total Clarity Wealth Management Inc. Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Total Clarity Wealth Management Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,947 shares of the home improvement retailer’s stock after buying an additional 110 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Home Depot were worth $813,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HD. First Personal Financial Services lifted its holdings in Home Depot by 81.1% in the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 43 shares during the last quarter. Fairfield Bush & CO. acquired a new position in Home Depot in the first quarter valued at approximately $27,000. Grayhawk Investment Strategies Inc. acquired a new position in Home Depot during the second quarter worth $28,000. Mizuho Securities Co. Ltd. lifted its stake in Home Depot by 119.5% during the second quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 49 shares in the last quarter. Finally, Klaas Financial Asset Advisors LLC acquired a new position in Home Depot during the third quarter worth $41,000. 68.31% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $317.69 on Wednesday. The stock’s 50-day moving average is $320.86 and its two-hundred day moving average is $302.94. The firm has a market cap of $325.23 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.69 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $374.67. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39.

Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.13. The company had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.92 earnings per share. Analysts predict that The Home Depot, Inc. will post 16.64 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $7.60 annualized dividend and a dividend yield of 2.39%. Home Depot’s dividend payout ratio (DPR) is 45.81%.

Analyst Ratings Changes

A number of research analysts have commented on HD shares. Wedbush decreased their price target on Home Depot to $280.00 in a research note on Wednesday, November 16th. Credit Suisse Group started coverage on Home Depot in a research note on Tuesday, December 20th. They set a “neutral” rating and a $335.00 price target on the stock. Cowen upped their price objective on Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 13th. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, December 6th. They set a “market perform” rating and a $337.00 price objective on the stock. Finally, Guggenheim cut their price objective on Home Depot to $335.00 in a research report on Thursday, November 17th. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $341.24.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the sale, the executive vice president now owns 3,928 shares in the company, valued at $1,222,747.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the sale, the executive vice president now owns 3,928 shares in the company, valued at $1,222,747.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paula Santilli acquired 1,583 shares of Home Depot stock in a transaction that occurred on Wednesday, November 16th. The stock was purchased at an average price of $315.80 per share, with a total value of $499,911.40. Following the transaction, the director now owns 1,583 shares of the company’s stock, valued at $499,911.40. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.