Korea Investment CORP reduced its stake in Home Depot, Inc. (The) (NYSE:HD) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 996,495 shares of the home improvement retailer’s stock after selling 37,100 shares during the period. Home Depot makes up about 0.8% of Korea Investment CORP’s holdings, making the stock its 21st largest holding. Korea Investment CORP owned about 0.08% of Home Depot worth $162,987,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Jacobi Capital Management LLC increased its holdings in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the last quarter. Glassman Wealth Services increased its holdings in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares during the last quarter. St. Johns Investment Management Company LLC increased its holdings in Home Depot by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after buying an additional 495 shares during the last quarter. Mascoma Wealth Management LLC increased its holdings in Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in Home Depot by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 70.13% of the company’s stock.
Home Depot, Inc. (NYSE HD) opened at $190.19 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot, Inc. has a twelve month low of $133.05 and a twelve month high of $191.49. The stock has a market capitalization of $222,290.00, a PE ratio of 26.38, a P/E/G ratio of 1.92 and a beta of 1.11.
Home Depot declared that its board has initiated a share buyback program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.38%.
In related news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.
Several equities analysts recently commented on the company. Oppenheimer reissued a “buy” rating on shares of Home Depot in a report on Tuesday. BMO Capital Markets set a $191.00 target price on Home Depot and gave the company a “buy” rating in a report on Friday, December 15th. Guggenheim assumed coverage on Home Depot in a report on Wednesday, December 13th. They issued a “buy” rating and a $200.00 target price on the stock. Credit Suisse Group reissued a “hold” rating on shares of Home Depot in a report on Tuesday, December 12th. Finally, Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned 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 $183.28.
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Home Depot Company 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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