Community Bank & Trust Waco Texas Has $7.04 Million Stake in The Home Depot, Inc. (NYSE:HD)

Community Bank & Trust Waco Texas increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,351 shares of the home improvement retailer’s stock after buying an additional 31 shares during the period. Home Depot accounts for approximately 1.7% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 20th biggest position. Community Bank & Trust Waco Texas’ holdings in Home Depot were worth $7,040,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HD. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $31,000. PFG Private Wealth Management LLC increased its holdings in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Mizuho assumed coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. Evercore ISI boosted their target price on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. TD Cowen reduced their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. HSBC reduced their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company reduced their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Stock Performance

Shares of HD stock opened at $333.58 on Thursday. The company has a market cap of $330.78 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a 50 day moving average of $338.43 and a 200-day moving average of $352.56.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same period last year, the business earned $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.