SeaCrest Wealth Management LLC raised its holdings in shares of Home Depot Inc (NYSE:HD) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,006 shares of the home improvement retailer’s stock after acquiring an additional 793 shares during the period. Home Depot makes up about 0.7% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 24th biggest position. SeaCrest Wealth Management LLC’s holdings in Home Depot were worth $3,714,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Krane Funds Advisors LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $25,000. Enterprise Trust & Investment Co purchased a new stake in Home Depot in the 3rd quarter worth $27,000. Evolution Wealth Advisors LLC purchased a new stake in Home Depot in the 2nd quarter worth $31,000. MRA Associates USA LLC purchased a new stake in Home Depot in the 2nd quarter worth $34,000. Finally, Atwater Malick LLC purchased a new stake in Home Depot in the 3rd quarter worth $39,000. Institutional investors and hedge funds own 69.96% of the company’s stock.
Shares of Home Depot stock traded up $0.41 during trading hours on Wednesday, reaching $236.03. 137,891 shares of the company’s stock were exchanged, compared to its average volume of 3,672,227. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $236.86. The company has a market capitalization of $256.99 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The business has a fifty day moving average of $229.00 and a two-hundred day moving average of $210.49.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Wednesday, September 4th. Home Depot’s payout ratio is 55.01%.
In related news, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total value of $2,024,460.00. Following the completion of the sale, the executive vice president now owns 84,123 shares of the company’s stock, valued at $18,511,266.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the sale, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. Insiders have sold 177,508 shares of company stock valued at $39,076,428 in the last ninety days. Insiders own 0.27% of the company’s stock.
Several equities research analysts recently commented on the stock. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Oppenheimer boosted their price target on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. SunTrust Banks reissued a “hold” rating and issued a $208.00 price target on shares of Home Depot in a report on Wednesday, August 21st. Gabelli lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. They noted that the move was a valuation call. Finally, Wedbush reissued a “neutral” rating and issued a $230.00 price target (up previously from $190.00) on shares of Home Depot in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $228.24.
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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