Mycio Wealth Partners LLC Boosts Position in Home Depot Inc (NYSE:HD)

Mycio Wealth Partners LLC boosted its holdings in shares of Home Depot Inc (NYSE:HD) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,096 shares of the home improvement retailer’s stock after buying an additional 266 shares during the quarter. Mycio Wealth Partners LLC’s holdings in Home Depot were worth $1,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Evolution Wealth Advisors LLC acquired a new stake in Home Depot in the 2nd quarter valued at $31,000. Virtus ETF Advisers LLC acquired a new stake in Home Depot during the 4th quarter worth $32,000. Thor Advisors LLC acquired a new stake in Home Depot during the 1st quarter worth $32,000. Enlightenment Research LLC acquired a new stake in Home Depot during the 4th quarter worth $34,000. Finally, Private Ocean LLC boosted its stake in Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares during the last quarter. 69.35% of the stock is owned by institutional investors.

Shares of HD stock traded up $1.40 during trading hours on Thursday, reaching $221.80. 1,405,942 shares of the stock were exchanged, compared to its average volume of 3,362,616. The business’s fifty day moving average is $212.20 and its two-hundred day moving average is $199.20. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $220.88. The firm has a market capitalization of $228.80 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.93 and a beta of 1.12.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. The firm had revenue of $30.84 billion during the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.05 earnings per share. As a group, research analysts predict that Home Depot Inc will post 10.12 EPS for the current year.

In other news, EVP Matt Carey sold 34,688 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the completion of the sale, the executive vice president now directly owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 13,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the sale, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The disclosure for this sale can be found here. Insiders sold 82,522 shares of company stock valued at $16,156,831 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group boosted their price target on shares of Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on shares of Home Depot to $230.00 and gave the company a “buy” rating in a research report on Monday, August 12th. ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $218.94.

About Home Depot

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

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