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Brown Miller Wealth Management LLC Reduces Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Brown Miller Wealth Management LLC trimmed its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,312 shares of the home improvement retailer’s stock after selling 59 shares during the period. Brown Miller Wealth Management LLC’s holdings in Home Depot were worth $393,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HD. Independence Bank of Kentucky lifted its position in shares of Home Depot by 16.6% during the 1st quarter. Independence Bank of Kentucky now owns 2,477 shares of the home improvement retailer’s stock valued at $741,000 after buying an additional 352 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Home Depot by 0.9% during the 1st quarter. Chesley Taft & Associates LLC now owns 66,138 shares of the home improvement retailer’s stock valued at $20,257,000 after buying an additional 610 shares in the last quarter. WC Walker & Associates Inc. lifted its position in shares of Home Depot by 0.8% during the 1st quarter. WC Walker & Associates Inc. now owns 10,718 shares of the home improvement retailer’s stock valued at $3,327,000 after buying an additional 81 shares in the last quarter. Diversified LLC lifted its position in shares of Home Depot by 1.5% during the 1st quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock valued at $975,000 after buying an additional 47 shares in the last quarter. Finally, Caliber Wealth Management LLC lifted its position in shares of Home Depot by 10.4% during the 1st quarter. Caliber Wealth Management LLC now owns 8,007 shares of the home improvement retailer’s stock valued at $2,397,000 after buying an additional 755 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the transaction, the executive vice president now owns 51,175 shares in the company, valued at $14,739,935.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Shares of HD stock opened at $282.69 on Tuesday. The company has a market capitalization of $290.54 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.70 and a beta of 0.97. The business’s 50 day moving average is $294.26 and its two-hundred day moving average is $330.67. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The company had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. Home Depot’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.86 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.69%. Home Depot’s dividend payout ratio is currently 48.25%.

Several analysts recently issued reports on the company. Raymond James decreased their target price on Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Wells Fargo & Company dropped their target price on Home Depot from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. OTR Global cut Home Depot to a “positive” rating in a report on Tuesday, May 10th. Finally, MKM Partners began coverage on Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.82.

Home Depot Company Profile (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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

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