Home Depot Inc (HD) Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its stake in Home Depot Inc (NYSE:HD) by 63.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 876 shares of the home improvement retailer’s stock after purchasing an additional 340 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Home Depot were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. Jacobi Capital Management LLC raised its holdings in Home Depot by 16.4% in the 2nd 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 raised its holdings in Home Depot by 38.3% in the 2nd 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 raised its holdings in Home Depot by 81.8% in the 2nd 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 raised its holdings in Home Depot by 0.6% in the 2nd 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 raised its holdings in Home Depot by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock worth $184,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 70.13% of the company’s stock.

In related news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

Shares of Home Depot Inc (NYSE HD) opened at $189.53 on Friday. The firm has a market cap of $221,323.47, a price-to-earnings ratio of 26.32, a PEG ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. Home Depot Inc has a one year low of $133.05 and a one year high of $191.49.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. Home Depot’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. analysts expect that Home Depot Inc will post 7.35 earnings per share for the current fiscal year.

Home Depot announced that its board has initiated a stock repurchase plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.88%. The ex-dividend date was Wednesday, November 29th. Home Depot’s payout ratio is currently 49.44%.

Several research firms have issued reports on HD. Deutsche Bank raised their price target on shares of Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Monday, September 11th. Argus raised their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Robert W. Baird set a $175.00 price target on shares of Home Depot and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Atlantic Securities upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $174.16 to $174.95 in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and an average target price of $183.28.

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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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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