Wade G W & Inc. cut its stake in The Home Depot Inc. (NYSE:HD) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,906 shares of the home improvement retailer’s stock after selling 337 shares during the period. Wade G W & Inc.’s holdings in The Home Depot were worth $499,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in The Home Depot during the second quarter worth about $337,042,000. Emerald Acquisition Ltd. bought a new position in The Home Depot during the second quarter worth approximately $198,627,000. Jennison Associates LLC increased its position in The Home Depot by 22.9% in the second quarter. Jennison Associates LLC now owns 7,954,031 shares of the home improvement retailer’s stock worth $1,015,650,000 after buying an additional 1,483,893 shares in the last quarter. Marsico Capital Management LLC increased its position in The Home Depot by 605.0% in the first quarter. Marsico Capital Management LLC now owns 1,491,833 shares of the home improvement retailer’s stock worth $199,055,000 after buying an additional 1,280,239 shares in the last quarter. Finally, Capital Fund Management S.A. increased its position in The Home Depot by 3,094.3% in the second quarter. Capital Fund Management S.A. now owns 1,048,670 shares of the home improvement retailer’s stock worth $133,905,000 after buying an additional 1,015,841 shares in the last quarter. Institutional investors and hedge funds own 71.97% of the company’s stock.
The Home Depot Inc. (NYSE:HD) traded up 0.43% during midday trading on Tuesday, reaching $126.83. The company’s stock had a trading volume of 3,617,528 shares. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The firm has a 50 day moving average price of $133.78 and a 200 day moving average price of $132.65. The firm has a market capitalization of $156.71 billion, a PE ratio of 21.47 and a beta of 0.91.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.97. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The business had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. During the same period last year, the business earned $1.71 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that The Home Depot Inc. will post $6.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s payout ratio is 46.54%.
HD has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of The Home Depot in a research note on Sunday, July 3rd. Argus reaffirmed a “hold” rating and set a $154.00 price objective on shares of The Home Depot in a research note on Friday. Vetr raised shares of The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price objective for the company in a research note on Thursday, September 8th. Zacks Investment Research downgraded shares of The Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, Nomura raised shares of The Home Depot from a “neutral” rating to a “buy” rating and upped their price objective for the company from $140.00 to $155.00 in a research note on Thursday, June 23rd. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $147.36.
In other The Home Depot news, EVP Timothy M. Crow sold 49,392 shares of The Home Depot stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $135.06, for a total value of $6,670,883.52. Following the transaction, the executive vice president now directly owns 224,905 shares of the company’s stock, valued at approximately $30,375,669.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50. Following the completion of the transaction, the chief financial officer now directly owns 644,831 shares in the company, valued at $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
The Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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