Cape Cod Five Cents Savings Bank Sells 148 Shares of Home Depot Inc (HD)

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Cape Cod Five Cents Savings Bank trimmed its stake in shares of Home Depot Inc (NYSE:HD) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 46,261 shares of the home improvement retailer’s stock after selling 148 shares during the period. Home Depot accounts for about 1.3% of Cape Cod Five Cents Savings Bank’s portfolio, making the stock its 15th biggest position. Cape Cod Five Cents Savings Bank’s holdings in Home Depot were worth $7,948,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Pinnacle Financial Partners Inc. raised its holdings in Home Depot by 13.5% during the third quarter. Pinnacle Financial Partners Inc. now owns 21,114 shares of the home improvement retailer’s stock worth $4,374,000 after purchasing an additional 2,504 shares during the last quarter. Prudential Financial Inc. raised its holdings in Home Depot by 3.5% during the third quarter. Prudential Financial Inc. now owns 1,348,582 shares of the home improvement retailer’s stock worth $279,359,000 after purchasing an additional 45,754 shares during the last quarter. Physicians Financial Services Inc. raised its holdings in Home Depot by 3.3% during the second quarter. Physicians Financial Services Inc. now owns 8,676 shares of the home improvement retailer’s stock worth $1,693,000 after purchasing an additional 280 shares during the last quarter. Sanders Morris Harris LLC raised its holdings in Home Depot by 5.6% during the third quarter. Sanders Morris Harris LLC now owns 5,619 shares of the home improvement retailer’s stock worth $1,164,000 after purchasing an additional 300 shares during the last quarter. Finally, Private Wealth Partners LLC raised its holdings in Home Depot by 2.1% during the third quarter. Private Wealth Partners LLC now owns 39,983 shares of the home improvement retailer’s stock worth $8,282,000 after purchasing an additional 838 shares during the last quarter. 68.07% of the stock is owned by institutional investors.

Several brokerages recently issued reports on HD. Evercore ISI began coverage on Home Depot in a report on Wednesday. They set an “outperform” rating and a $215.00 price objective for the company. Wedbush reduced their price objective on Home Depot from $190.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday, February 27th. Deutsche Bank lifted their price objective on Home Depot from $200.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Bank of America set a $195.00 price objective on Home Depot and gave the stock a “hold” rating in a report on Monday, December 10th. Finally, Credit Suisse Group reduced their price objective on Home Depot from $194.00 to $192.00 and set a “neutral” rating for the company in a report on Wednesday, February 27th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $204.06.

Home Depot stock opened at $189.97 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68. The firm has a market cap of $207.98 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.58 and a beta of 1.09. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $215.43.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.09. The company had revenue of $26.49 billion during the quarter, compared to the consensus estimate of $26.57 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. Home Depot’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 earnings per share. On average, research analysts anticipate that Home Depot Inc will post 10.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be given a dividend of $1.36 per share. This is an increase from Home Depot’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $5.44 annualized dividend and a yield of 2.86%. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.

Home Depot announced that its Board of Directors has approved a share buyback plan on Tuesday, February 26th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to buy up to 6.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, EVP Edward P. Decker sold 23,744 shares of Home Depot stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total value of $4,343,489.92. Following the completion of the sale, the executive vice president now owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 5,450 shares of Home Depot stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the completion of the sale, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The disclosure for this sale can be found here. Insiders have sold 41,194 shares of company stock valued at $7,553,141 in the last three months. 0.25% of the stock is currently owned by company insiders.

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About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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