Exencial Wealth Advisors LLC increased its position in shares of Home Depot Inc (NYSE:HD) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,825 shares of the home improvement retailer’s stock after buying an additional 541 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Home Depot were worth $829,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Columbia Asset Management increased its holdings in shares of Home Depot by 6.2% during the third quarter. Columbia Asset Management now owns 39,965 shares of the home improvement retailer’s stock worth $8,279,000 after buying an additional 2,331 shares in the last quarter. Keystone Financial Group increased its holdings in shares of Home Depot by 7.7% during the third quarter. Keystone Financial Group now owns 6,131 shares of the home improvement retailer’s stock worth $1,273,000 after buying an additional 439 shares in the last quarter. Advisor Partners LLC increased its holdings in shares of Home Depot by 4.5% during the third quarter. Advisor Partners LLC now owns 34,860 shares of the home improvement retailer’s stock worth $7,221,000 after buying an additional 1,495 shares in the last quarter. Cadinha & Co. LLC increased its holdings in shares of Home Depot by 0.7% during the third quarter. Cadinha & Co. LLC now owns 131,167 shares of the home improvement retailer’s stock worth $27,171,000 after buying an additional 928 shares in the last quarter. Finally, Frontier Investment Mgmt Co. increased its holdings in shares of Home Depot by 75.1% during the third quarter. Frontier Investment Mgmt Co. now owns 2,951 shares of the home improvement retailer’s stock worth $611,000 after buying an additional 1,266 shares in the last quarter. Hedge funds and other institutional investors own 69.31% of the company’s stock.
HD has been the subject of several research analyst reports. Citigroup lowered their price target on shares of Home Depot from $224.00 to $218.00 and set a “buy” rating for the company in a report on Monday, April 1st. Robert W. Baird reissued a “positive” rating on shares of Home Depot in a research note on Thursday, April 25th. DZ Bank cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, Wells Fargo & Co boosted their price objective on shares of Home Depot from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Home Depot currently has an average rating of “Buy” and an average price target of $205.29.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.10. The business had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 earnings per share. As a group, sell-side analysts predict that Home Depot Inc will post 10.34 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $1.36 per share. The ex-dividend date is Wednesday, June 5th. This represents a $5.44 dividend on an annualized basis and a yield of 2.81%. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.
Home Depot declared that its board has initiated a share buyback program on Tuesday, February 26th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Home Depot news, EVP Ann Marie Campbell sold 5,450 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the sale, the executive vice president now owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Holifield sold 12,000 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the sale, the executive vice president now directly owns 39,794 shares in the company, valued at approximately $7,306,178.40. The disclosure for this sale can be found here. Insiders have sold 41,194 shares of company stock worth $7,553,141 in the last ninety days. Insiders own 0.27% of the company’s stock.
Home Depot 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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