Charles Schwab Investment Management Inc. Trims Stock Position in The Home Depot, Inc. (NYSE:HD)

Charles Schwab Investment Management Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,523,952 shares of the home improvement retailer’s stock after selling 83,365 shares during the quarter. Home Depot comprises approximately 1.0% of Charles Schwab Investment Management Inc.’s portfolio, making the stock its 13th biggest holding. Charles Schwab Investment Management Inc. owned approximately 1.36% of Home Depot worth $5,260,682,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot during the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $32,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot during the 3rd quarter valued at approximately $41,000. Finally, Marshall Investment Management LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 1.9 %

HD opened at $389.03 on Tuesday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock’s fifty day moving average is $401.29 and its 200-day moving average is $399.57. The company has a market capitalization of $386.45 billion, a PE ratio of 26.43, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the previous year, the business earned $2.82 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HD shares. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Wells Fargo & Company lifted their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Royal Bank of Canada decreased their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Company 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.