Viawealth LLC Has $1.38 Million Stock Holdings in The Home Depot, Inc. $HD

Viawealth LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,749 shares of the home improvement retailer’s stock after selling 192 shares during the period. Viawealth LLC’s holdings in Home Depot were worth $1,375,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new position in shares of Home Depot during the 2nd quarter worth about $28,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the 2nd quarter worth $32,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 2nd quarter valued at about $35,000. Global X Japan Co. Ltd. bought a new stake in Home Depot during the second quarter worth $40,000. Finally, GFG Capital LLC bought a new stake in shares of Home Depot during the 2nd quarter worth $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HD. Jefferies Financial Group lowered their target price on Home Depot from $474.00 to $438.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. UBS Group dropped their price objective on Home Depot from $475.00 to $445.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Daiwa Capital Markets cut their price target on shares of Home Depot from $399.00 to $348.00 and set a “neutral” rating for the company in a research note on Monday. Evercore ISI cut their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, DZ Bank reissued a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Twenty-two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $404.60.

Home Depot Price Performance

Shares of NYSE:HD opened at $351.23 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock has a market cap of $349.61 billion, a PE ratio of 23.86, a PEG ratio of 3.59 and a beta of 1.00. The company’s fifty day moving average is $382.21 and its 200 day moving average is $381.01. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

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.