Chevy Chase Trust Holdings LLC Sells 10,506 Shares of The Home Depot, Inc. (NYSE:HD)

Chevy Chase Trust Holdings LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 533,291 shares of the home improvement retailer’s stock after selling 10,506 shares during the quarter. Home Depot accounts for 0.6% of Chevy Chase Trust Holdings LLC’s investment portfolio, making the stock its 21st largest holding. Chevy Chase Trust Holdings LLC’s holdings in Home Depot were worth $207,445,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HD. AMF Tjanstepension AB boosted its holdings in shares of Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp boosted its holdings in shares of Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares in the last quarter. Wealth Group Ltd. purchased a new position in shares of Home Depot in the 3rd quarter worth about $217,000. Creative Planning boosted its holdings in shares of Home Depot by 7.0% in the 3rd quarter. Creative Planning now owns 513,327 shares of the home improvement retailer’s stock worth $199,295,000 after purchasing an additional 33,703 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Barclays upped their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Finally, TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Stock Performance

Shares of HD opened at $409.47 on Friday. The business’s fifty day simple moving average is $404.93 and its two-hundred day simple moving average is $395.58. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market cap of $406.76 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the business posted $3.81 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

About Home Depot

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.