Octavia Wealth Advisors LLC Has $1.01 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Octavia Wealth Advisors LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,427 shares of the home improvement retailer’s stock after purchasing an additional 50 shares during the period. Octavia Wealth Advisors LLC’s holdings in Home Depot were worth $1,007,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Quantinno Capital Management LP lifted its holdings in shares of Home Depot by 1.6% during the third quarter. Quantinno Capital Management LP now owns 1,730 shares of the home improvement retailer’s stock valued at $568,000 after acquiring an additional 27 shares during the period. Northwest Investment Counselors LLC lifted its holdings in shares of Home Depot by 0.3% during the third quarter. Northwest Investment Counselors LLC now owns 9,271 shares of the home improvement retailer’s stock valued at $3,043,000 after acquiring an additional 28 shares during the period. Trilogy Capital Inc. lifted its holdings in shares of Home Depot by 4.0% during the fourth quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer’s stock valued at $304,000 after acquiring an additional 28 shares during the period. Charter Oak Capital Management LLC lifted its holdings in shares of Home Depot by 1.2% during the third quarter. Charter Oak Capital Management LLC now owns 2,465 shares of the home improvement retailer’s stock valued at $809,000 after acquiring an additional 29 shares during the period. Finally, Jackson Hole Capital Partners LLC lifted its holdings in shares of Home Depot by 2.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 1,260 shares of the home improvement retailer’s stock valued at $414,000 after acquiring an additional 29 shares during the period. Institutional investors own 69.52% of the company’s stock.

In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $309.80, for a total value of $156,139.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

A number of research analysts have issued reports on HD shares. Edward Jones raised Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 25th. Morgan Stanley lowered their target price on Home Depot from $420.00 to $380.00 and set an “overweight” rating for the company in a research note on Wednesday, February 23rd. OTR Global upgraded Home Depot from a “mixed” rating to a “positive” rating in a research note on Tuesday, February 15th. UBS Group lowered their target price on Home Depot from $470.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Finally, Citigroup lowered their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Six research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $392.83.

Home Depot stock opened at $301.89 on Friday. The firm has a market capitalization of $311.96 billion, a P/E ratio of 19.45, a PEG ratio of 2.01 and a beta of 1.06. The Home Depot, Inc. has a 1 year low of $298.40 and a 1 year high of $420.61. The business has a 50-day moving average of $335.12 and a 200-day moving average of $361.74. The company has a current ratio of 1.01, a quick ratio of 0.24 and a debt-to-equity ratio of 35.47.

Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.01. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. The business had revenue of $35.72 billion for the quarter, compared to analysts’ expectations of $34.85 billion. During the same quarter in the previous year, the business posted $2.74 EPS. Home Depot’s revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 16.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were paid a $1.90 dividend. This is a boost from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date was Wednesday, March 9th. This represents a $7.60 annualized dividend and a yield of 2.52%. Home Depot’s payout ratio is presently 48.97%.

Home Depot 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, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Featured Articles

Want More Great Investing Ideas?

Receive News & Ratings for Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.