Old Port Advisors Buys Shares of 6,712 Home Depot Inc (HD)

Old Port Advisors bought a new stake in shares of Home Depot Inc (NYSE:HD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,712 shares of the home improvement retailer’s stock, valued at approximately $1,310,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Viridian Ria LLC lifted its stake in Home Depot by 12.1% in the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after purchasing an additional 255 shares in the last quarter. Nadler Financial Group Inc. lifted its stake in Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after purchasing an additional 264 shares in the last quarter. Exencial Wealth Advisors LLC lifted its stake in Home Depot by 6.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after purchasing an additional 266 shares in the last quarter. Bingham Osborn & Scarborough LLC lifted its stake in Home Depot by 11.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after purchasing an additional 273 shares in the last quarter. Finally, Burns J W & Co. Inc. NY lifted its stake in Home Depot by 1.4% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock worth $3,918,000 after purchasing an additional 275 shares in the last quarter. 69.52% of the stock is owned by hedge funds and other institutional investors.

Home Depot stock opened at $175.66 on Friday. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. The firm has a market cap of $200.41 billion, a PE ratio of 23.55, a P/E/G ratio of 1.39 and a beta of 1.26. Home Depot Inc has a fifty-two week low of $167.00 and a fifty-two week high of $215.43.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.84 EPS. As a group, equities analysts forecast that Home Depot Inc will post 9.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Wednesday, November 28th. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.

In related news, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the transaction, the chief executive officer now owns 264,970 shares of the company’s stock, valued at approximately $47,805,887.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Manuel Kadre bought 2,000 shares of Home Depot stock in a transaction that occurred on Wednesday, November 14th. The shares were acquired at an average cost of $177.48 per share, for a total transaction of $354,960.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $354,960. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 13,750 shares of company stock worth $2,401,470. 0.25% of the stock is owned by insiders.

Several research firms have issued reports on HD. Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Deutsche Bank lowered their target price on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. UBS Group lowered their target price on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Citigroup lowered their target price on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Finally, Credit Suisse Group lowered their target price on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a research note on Thursday, November 15th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $205.43.

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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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