Canandaigua National Corp Has $4.40 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)


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Canandaigua National Corp trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% during the first quarter, HoldingsChannel reports. The fund owned 14,403 shares of the home improvement retailer’s stock after selling 429 shares during the period. Canandaigua National Corp’s holdings in The Home Depot were worth $4,397,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new position in The Home Depot in the fourth quarter valued at $3,153,816,000. Morgan Stanley grew its position in shares of The Home Depot by 10.6% in the 4th quarter. Morgan Stanley now owns 11,028,573 shares of the home improvement retailer’s stock valued at $2,929,410,000 after acquiring an additional 1,058,223 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of The Home Depot by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,142,046 shares of the home improvement retailer’s stock worth $1,631,450,000 after purchasing an additional 1,011,984 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of The Home Depot by 11.8% in the 4th quarter. Alliancebernstein L.P. now owns 9,402,719 shares of the home improvement retailer’s stock valued at $2,497,550,000 after purchasing an additional 991,241 shares during the period. Finally, Flossbach Von Storch AG lifted its stake in The Home Depot by 152.9% in the 4th quarter. Flossbach Von Storch AG now owns 894,230 shares of the home improvement retailer’s stock valued at $237,525,000 after purchasing an additional 540,700 shares during the last quarter. Institutional investors and hedge funds own 68.71% of the company’s stock.

NYSE:HD traded up $0.27 during trading hours on Thursday, reaching $312.74. The company had a trading volume of 75,909 shares, compared to its average volume of 4,696,611. The firm has a market cap of $336.70 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.13 and a beta of 1.03. The business’s 50-day simple moving average is $280.49 and its two-hundred day simple moving average is $276.00. The Home Depot, Inc. has a twelve month low of $191.54 and a twelve month high of $315.94. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. The business had revenue of $32.26 billion for the quarter, compared to analyst estimates of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.28 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 11.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were issued a dividend of $1.65 per share. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Wednesday, March 10th. The Home Depot’s dividend payout ratio is currently 64.39%.

Several analysts have issued reports on HD shares. Zelman & Associates upgraded The Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, February 12th. Guggenheim upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target on the stock in a research note on Wednesday, January 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of The Home Depot in a report on Monday, March 15th. They issued a “buy” rating and a $288.00 price target on the stock. Wells Fargo & Company increased their price target on shares of The Home Depot from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Finally, Credit Suisse Group reissued a “buy” rating and issued a $319.00 price target on shares of The Home Depot in a report on Thursday, March 25th. Five research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $299.32.

About The 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD).

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

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