Coastline Trust Co purchased a new stake in shares of Home Depot Inc (NYSE:HD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,696 shares of the home improvement retailer’s stock, valued at approximately $1,458,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Jacobi Capital Management LLC boosted its stake in shares of Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after acquiring an additional 101 shares during the last quarter. Burt Wealth Advisors boosted its stake in shares of Home Depot by 83.5% during the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after acquiring an additional 396 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after acquiring an additional 340 shares during the last quarter. Empire Life Investments Inc. boosted its stake in shares of Home Depot by 233.4% during the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock worth $157,000 after acquiring an additional 670 shares during the last quarter. Finally, CMH Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth $197,000. 70.63% of the stock is owned by institutional investors.
Home Depot Inc (NYSE HD) opened at $178.35 on Wednesday. The company has a market cap of $208,270.00, a PE ratio of 24.10, a P/E/G ratio of 1.40 and a beta of 1.14. Home Depot Inc has a fifty-two week low of $144.25 and a fifty-two week high of $207.60. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.31%. This is an increase from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, March 7th. Home Depot’s dividend payout ratio is presently 55.68%.
Home Depot declared that its Board of Directors has approved a share buyback program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
HD has been the topic of a number of analyst reports. Credit Suisse Group restated a “hold” rating on shares of Home Depot in a research note on Tuesday, December 12th. Deutsche Bank lifted their target price on shares of Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. SunTrust Banks lifted their target price on shares of Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, December 7th. Citigroup restated a “buy” rating and set a $213.00 target price on shares of Home Depot in a research note on Thursday, December 7th. Finally, Bank of America restated a “buy” rating and set a $190.60 target price (down previously from $219.00) on shares of Home Depot in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $193.15.
In related news, Director Armando M. Codina bought 6,650 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $178.66 per share, for a total transaction of $1,188,089.00. Following the purchase, the director now directly owns 42,300 shares of the company’s stock, valued at $7,557,318. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the completion of the transaction, the chief executive officer now owns 237,957 shares in the company, valued at $43,734,117.03. The disclosure for this sale can be found here. Insiders have sold a total of 169,027 shares of company stock worth $31,220,882 over the last quarter. 0.26% of the stock is currently owned by insiders.
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Home Depot 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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