Bedrijfstakpensioenfonds Voor DE Media PNO Has $22.93 Million Stake in Home Depot, Inc. (The) (NYSE:HD)

Bedrijfstakpensioenfonds Voor DE Media PNO cut its position in Home Depot, Inc. (The) (NYSE:HD) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,500 shares of the home improvement retailer’s stock after selling 9,600 shares during the period. Home Depot, Inc. (The) comprises approximately 2.7% of Bedrijfstakpensioenfonds Voor DE Media PNO’s portfolio, making the stock its 8th largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Home Depot, Inc. (The) were worth $22,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in shares of Home Depot, Inc. (The) during the first quarter worth about $100,000. Advantage Investment Management LLC purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $103,000. Riggs Asset Managment Co. Inc. increased its position in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares in the last quarter. CT Financial Advisors LLC increased its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $131,000. Institutional investors own 71.52% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) traded down 0.28% during trading on Thursday, reaching $154.83. 1,798,044 shares of the company’s stock traded hands. The company has a 50 day moving average of $151.43 and a 200-day moving average of $149.46. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The company has a market capitalization of $185.11 billion, a price-to-earnings ratio of 23.17 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts predict that Home Depot, Inc. will post $7.24 earnings per share for the current year.

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A number of research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $178.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price objective on the stock in a report on Tuesday, May 30th. Sanford C. Bernstein reissued a “market perform” rating and set a $152.00 price objective on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $164.72.

In other Home Depot, Inc. (The) news, Director Wayne M. Hewett purchased 350 shares of the stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $157.11 per share, with a total value of $54,988.50. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $219,954. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Craig A. Menear sold 90,661 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the transaction, the chief executive officer now directly owns 240,090 shares in the company, valued at $37,643,711.10. The disclosure for this sale can be found here. Insiders sold 128,900 shares of company stock worth $20,167,386 over the last ninety days. 0.26% of the stock is owned by corporate insiders.

About Home Depot, Inc. (The)

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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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