Hancock Whitney Corp Has $28.65 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Hancock Whitney Corp decreased its position in The Home Depot, Inc. (NYSE:HD) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,212 shares of the home improvement retailer’s stock after selling 2,296 shares during the quarter. Home Depot accounts for approximately 1.0% of Hancock Whitney Corp’s holdings, making the stock its 19th largest holding. Hancock Whitney Corp’s holdings in Home Depot were worth $28,645,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Empirical Finance LLC grew its position in Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after purchasing an additional 1,195 shares in the last quarter. Commonwealth Retirement Investments LLC boosted its stake in shares of Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after buying an additional 965 shares during the last quarter. Leeward Financial Partners LLC grew its holdings in shares of Home Depot by 7.3% in the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after acquiring an additional 711 shares in the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at about $88,708,000. Finally, Johnson & White Wealth Management LLC raised its holdings in Home Depot by 6.2% during the first quarter. Johnson & White Wealth Management LLC now owns 4,200 shares of the home improvement retailer’s stock worth $1,611,000 after acquiring an additional 247 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.1 %

HD stock opened at $389.97 on Friday. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a market capitalization of $386.70 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The company’s 50-day simple moving average is $364.95 and its 200 day simple moving average is $354.45. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the business posted $4.65 EPS. The business’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.31%. Home Depot’s dividend payout ratio is presently 60.36%.

Analysts Set New Price Targets

Several research firms have weighed in on HD. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Stifel Nicolaus lowered their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. DA Davidson lifted their price objective on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, UBS Group upped their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $389.04.

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.