Home Depot Inc (NYSE:HD) Shares Purchased by Atlas Private Wealth Management
Atlas Private Wealth Management boosted its stake in Home Depot Inc (NYSE:HD) by 11.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,899 shares of the home improvement retailer’s stock after purchasing an additional 688 shares during the period. Home Depot comprises approximately 1.2% of Atlas Private Wealth Management’s portfolio, making the stock its 24th largest position. Atlas Private Wealth Management’s holdings in Home Depot were worth $1,288,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Orser Capital Management LLC boosted its position in Home Depot by 1.4% in the 4th quarter. Orser Capital Management LLC now owns 8,227 shares of the home improvement retailer’s stock valued at $1,788,000 after buying an additional 114 shares during the period. TLW Wealth Management LLC lifted its position in shares of Home Depot by 74.9% during the 4th quarter. TLW Wealth Management LLC now owns 15,317 shares of the home improvement retailer’s stock worth $3,345,000 after purchasing an additional 6,560 shares during the last quarter. M&G Investment Management Ltd. purchased a new stake in shares of Home Depot during the 4th quarter worth $20,432,000. DT Investment Partners LLC purchased a new stake in shares of Home Depot during the 4th quarter worth $2,748,000. Finally, Ocean Capital Management LLC lifted its position in shares of Home Depot by 28.7% during the 4th quarter. Ocean Capital Management LLC now owns 7,457 shares of the home improvement retailer’s stock worth $1,628,000 after purchasing an additional 1,663 shares during the last quarter. Hedge funds and other institutional investors own 69.67% of the company’s stock.
In related news, EVP William G. Lennie sold 9,848 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the completion of the transaction, the executive vice president now owns 37,995 shares of the company’s stock, valued at $8,903,748.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the transaction, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.19). The firm had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 EPS. On average, sell-side analysts forecast that Home Depot Inc will post 9.81 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, June 3rd. Home Depot’s payout ratio is 58.54%.
HD has been the subject of several recent analyst reports. Robert W. Baird lifted their price objective on shares of Home Depot from $215.00 to $265.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating and set a $231.00 price objective for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $241.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. CSFB boosted their price target on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Finally, Nomura Instinet boosted their price target on shares of Home Depot from $240.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $251.03.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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