Home Depot Inc (HD) Shares Sold by World Asset Management Inc

World Asset Management Inc reduced its stake in shares of Home Depot Inc (NYSE:HD) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 81,782 shares of the home improvement retailer’s stock after selling 1,109 shares during the period. Home Depot makes up approximately 0.8% of World Asset Management Inc’s holdings, making the stock its 13th biggest holding. World Asset Management Inc’s holdings in Home Depot were worth $16,941,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HD. Viridian Ria LLC raised its holdings in shares of Home Depot by 12.1% in the second quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock valued at $465,000 after purchasing an additional 255 shares during the last quarter. Nadler Financial Group Inc. raised its holdings in shares of Home Depot by 11.6% in the second quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after purchasing an additional 264 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Home Depot by 6.5% in the second quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock valued at $856,000 after purchasing an additional 266 shares during the last quarter. Bingham Osborn & Scarborough LLC raised its holdings in shares of Home Depot by 11.2% in the second quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock valued at $529,000 after purchasing an additional 273 shares during the last quarter. Finally, Burns J W & Co. Inc. NY raised its holdings in shares of Home Depot by 1.4% in the second quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock valued at $3,918,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 69.85% of the company’s stock.

NYSE:HD opened at $172.79 on Friday. Home Depot Inc has a 1-year low of $167.00 and a 1-year high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market capitalization of $198.75 billion, a P/E ratio of 23.16, a PEG ratio of 1.38 and a beta of 1.26.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a yield of 2.38%. Home Depot’s dividend payout ratio (DPR) is 55.23%.

In other Home Depot news, EVP Ann Marie Campbell sold 13,457 shares of Home Depot stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the completion of the transaction, the executive vice president now directly owns 56,198 shares of the company’s stock, valued at $9,702,022.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Craig A. Menear sold 117,327 shares of Home Depot stock in a transaction on Wednesday, November 14th. The stock was 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 directly owns 264,970 shares of the company’s stock, valued at $47,805,887.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 13,750 shares of company stock valued at $2,401,470. Company insiders own 0.25% of the company’s stock.

A number of research firms have recently issued reports on HD. Morgan Stanley lowered their price objective on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, October 23rd. Wells Fargo & Co lowered their price objective on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Citigroup reiterated a “buy” rating and issued a $227.00 price objective on shares of Home Depot in a report on Wednesday, August 15th. Bank of America cut shares of Home Depot from a “buy” rating to a “neutral” rating and decreased their target price for the company from $219.00 to $195.00 in a research note on Friday, November 16th. Finally, Jefferies Financial Group initiated coverage on shares of Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $206.67.

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Home Depot Company Profile

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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