Cantor Fitzgerald Investment Advisors L.P. Has $5.22 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Cantor Fitzgerald Investment Advisors L.P. reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,164 shares of the home improvement retailer’s stock after selling 149 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Home Depot were worth $5,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HD. Moss Adams Wealth Advisors LLC lifted its stake in Home Depot by 13.5% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 899 shares of the home improvement retailer’s stock valued at $312,000 after buying an additional 107 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Home Depot by 4.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 166,524 shares of the home improvement retailer’s stock valued at $57,708,000 after acquiring an additional 7,173 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Home Depot by 4.1% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 23,545 shares of the home improvement retailer’s stock valued at $8,158,000 after acquiring an additional 931 shares during the period. Peterson Wealth Services boosted its stake in Home Depot by 6.4% during the 4th quarter. Peterson Wealth Services now owns 12,946 shares of the home improvement retailer’s stock worth $4,487,000 after acquiring an additional 773 shares during the last quarter. Finally, Curran Financial Partners LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $216,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE HD traded up $2.01 during trading on Monday, reaching $364.07. 769,308 shares of the company’s stock were exchanged, compared to its average volume of 3,417,369. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The business has a 50 day moving average price of $350.74 and a 200-day moving average price of $353.23. The stock has a market capitalization of $361.02 billion, a P/E ratio of 24.36, a PEG ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the firm earned $4.65 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HD shares. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, August 13th. Stifel Nicolaus decreased their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. UBS Group raised their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Evercore ISI decreased their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $386.33.

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.