Jacobus Wealth Management Inc. reduced its stake in The Home Depot Inc. (NYSE:HD) by 9.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,836 shares of the home improvement retailer’s stock after selling 283 shares during the period. Jacobus Wealth Management Inc.’s holdings in The Home Depot were worth $362,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of HD. First PREMIER Bank boosted its stake in shares of The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock valued at $113,000 after buying an additional 200 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of The Home Depot by 23.7% in the second quarter. Proficio Capital Partners LLC now owns 1,131 shares of the home improvement retailer’s stock valued at $156,000 after buying an additional 217 shares in the last quarter. Alexandria Capital LLC boosted its stake in shares of The Home Depot by 1.8% in the second quarter. Alexandria Capital LLC now owns 1,250 shares of the home improvement retailer’s stock valued at $160,000 after buying an additional 22 shares in the last quarter. First New York Securities LLC NY bought a new stake in shares of The Home Depot during the second quarter valued at about $176,000. Finally, RPg Family Wealth Advisory LLC boosted its stake in shares of The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock valued at $187,000 after buying an additional 654 shares in the last quarter. Institutional investors own 71.86% of the company’s stock.
The Home Depot Inc. (NYSE:HD) traded down 0.75% during trading on Friday, hitting $127.79. 4,464,702 shares of the company were exchanged. The company has a market capitalization of $157.89 billion, a price-to-earnings ratio of 21.63 and a beta of 0.91. The stock’s 50-day moving average is $132.71 and its 200-day moving average is $132.61. The Home Depot Inc. has a 12 month low of $109.62 and a 12 month high of $139.00.
The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The firm had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. During the same period in the prior year, the firm posted $1.71 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot Inc. will post $6.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, August 30th. The Home Depot’s dividend payout ratio (DPR) is presently 46.54%.
Several equities research analysts recently issued reports on HD shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $142.00 target price on shares of The Home Depot in a report on Tuesday, August 16th. Vetr cut shares of The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 target price on the stock. in a report on Monday, July 4th. Jefferies Group restated a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Nomura upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and raised their target price for the stock from $140.00 to $155.00 in a report on Thursday, June 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $143.00 price target on shares of The Home Depot in a research note on Friday, June 17th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $147.36.
In other The Home Depot news, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $135.06, for a total transaction 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 $30,375,669.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Carol B. Tome sold 97,610 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following 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. Corporate insiders own 0.26% of the company’s stock.
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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