Home Depot, Inc. (The) (HD) Shares Sold by Cim LLC
Cim LLC reduced its holdings in Home Depot, Inc. (The) (NYSE:HD) by 8.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,043 shares of the home improvement retailer’s stock after selling 189 shares during the period. Cim LLC’s holdings in Home Depot were worth $313,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of HD. State Street Corp boosted its stake in shares of Home Depot by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock worth $8,185,463,000 after acquiring an additional 396,271 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Home Depot by 1.8% in the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock worth $1,158,533,000 after acquiring an additional 140,221 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after acquiring an additional 761,586 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Home Depot by 4.4% in the second quarter. Legal & General Group Plc now owns 5,897,791 shares of the home improvement retailer’s stock worth $904,709,000 after acquiring an additional 247,475 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Home Depot by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,839,272 shares of the home improvement retailer’s stock worth $895,745,000 after acquiring an additional 107,466 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors.
In other Home Depot news, EVP Matt Carey sold 32,000 shares of Home Depot stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the sale, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by insiders.
Home Depot, Inc. (NYSE:HD) traded down $0.62 during trading hours on Tuesday, reaching $184.28. The company’s stock had a trading volume of 1,725,487 shares, compared to its average volume of 4,440,493. Home Depot, Inc. has a 12 month low of $128.68 and a 12 month high of $186.31. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The stock has a market capitalization of $210,685.28, a P/E ratio of 25.06, a P/E/G ratio of 1.83 and a beta of 1.11.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. equities analysts expect that Home Depot, Inc. will post 7.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a $0.89 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a yield of 1.93%. Home Depot’s dividend payout ratio is currently 49.44%.
A number of brokerages have recently issued reports on HD. Moffett Nathanson began coverage on Home Depot in a research note on Monday. They issued a “buy” rating on the stock. Telsey Advisory Group lifted their price target on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday. Robert W. Baird reaffirmed an “outperform” rating and issued a $195.00 price target on shares of Home Depot in a research note on Thursday, November 30th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $183.00 price target (up from $175.00) on shares of Home Depot in a research note on Wednesday, November 29th. Finally, Atlantic Securities raised Home Depot from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $174.16 to $174.95 in a research note on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $177.22.
About Home Depot
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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