Mosaic Family Wealth LLC lowered its position in The Home Depot (NYSE:HD) by 23.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,638 shares of the home improvement retailer’s stock after selling 504 shares during the period. Mosaic Family Wealth LLC’s holdings in The Home Depot were worth $310,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ford Financial Group Inc. acquired a new stake in The Home Depot during the fourth quarter worth approximately $108,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in The Home Depot during the fourth quarter worth approximately $112,000. Denali Advisors LLC acquired a new stake in The Home Depot during the fourth quarter worth approximately $133,000. Keeler Thomas Management LLC acquired a new stake in The Home Depot during the fourth quarter worth approximately $150,000. Finally, Delpha Capital Management LLC acquired a new stake in The Home Depot during the fourth quarter worth approximately $153,000. Institutional investors own 68.42% of the company’s stock.

A number of brokerages have recently commented on HD. Jefferies Group reaffirmed a “buy” rating and issued a $223.00 target price on shares of The Home Depot in a report on Monday, February 5th. Credit Suisse Group set a $222.00 target price on shares of The Home Depot and gave the company a “buy” rating in a report on Monday, May 14th. Bank of America reaffirmed a “buy” rating and issued a $215.00 target price on shares of The Home Depot in a report on Tuesday, May 15th. Wells Fargo & Co set a $205.00 target price on shares of The Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Finally, Deutsche Bank set a $210.00 target price on shares of The Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $195.95.

In other The Home Depot news, EVP Edward P. Decker sold 17,660 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the sale, the executive vice president now directly owns 73,815 shares in the company, valued at approximately $13,827,025.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Armando M. Codina bought 6,650 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were bought at an average price of $178.66 per share, for a total transaction of $1,188,089.00. Following the completion of the transaction, the director now directly owns 42,300 shares in the company, valued at approximately $7,557,318. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by insiders.

Shares of The Home Depot opened at $186.85 on Monday, according to Marketbeat.com. The firm has a market cap of $215.54 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.40 and a beta of 1.14. The Home Depot has a one year low of $144.25 and a one year high of $207.60. The company has a debt-to-equity ratio of 14.37, a quick ratio of 0.37 and a current ratio of 1.17.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, topping the consensus estimate of $2.05 by $0.03. The company had revenue of $24.95 billion for the quarter, compared to analyst estimates of $25.17 billion. The Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. analysts forecast that The Home Depot will post 9.45 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, May 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.20%. The Home Depot’s payout ratio is currently 55.23%.

About The Home Depot

Home Depot, Inc is a home improvement retailer which engages in the sale of building materials and home improvement products. Its producst include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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