The Home Depot Inc. (HD) is Albion Financial Group UT’s 7th Largest Position

The Home Depot Inc. (HD) is Albion Financial Group UT’s 7th Largest Position

Albion Financial Group UT raised its stake in shares of The Home Depot Inc. (NYSE:HD) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 104,103 shares of the home improvement retailer’s stock after buying an additional 1,067 shares during the period. The Home Depot makes up approximately 2.4% of Albion Financial Group UT’s portfolio, making the stock its 7th largest position. Albion Financial Group UT’s holdings in The Home Depot were worth $13,293,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HD. River Wealth Advisors LLC raised its stake in The Home Depot by 18.9% in the first quarter. River Wealth Advisors LLC now owns 5,061 shares of the home improvement retailer’s stock valued at $675,000 after buying an additional 803 shares during the last quarter. Telemus Capital LLC raised its stake in The Home Depot by 7.9% in the first quarter. Telemus Capital LLC now owns 38,515 shares of the home improvement retailer’s stock valued at $5,139,000 after buying an additional 2,812 shares during the last quarter. Arvest Bank Trust Division purchased a new stake in The Home Depot during the first quarter valued at about $281,000. Sanders Morris Harris Inc. purchased a new stake in The Home Depot during the first quarter valued at about $3,524,000. Finally, Investment Centers of America Inc. raised its stake in The Home Depot by 29.5% in the first quarter. Investment Centers of America Inc. now owns 21,236 shares of the home improvement retailer’s stock valued at $2,829,000 after buying an additional 4,842 shares during the last quarter. 71.86% of the stock is currently owned by institutional investors.

The Home Depot Inc. (NYSE:HD) traded up 0.67% during midday trading on Wednesday, hitting $126.69. 3,545,888 shares of the stock traded hands. The company’s 50-day moving average is $129.84 and its 200-day moving average is $132.51. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00. The company has a market cap of $156.53 billion, a PE ratio of 21.44 and a beta of 0.97.

The Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, hitting the consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The firm earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. During the same quarter in the prior year, the business posted $1.71 earnings per share. The Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts expect that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.18%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s dividend payout ratio (DPR) is 46.54%.

Several research firms have recently issued reports on HD. Zacks Investment Research lowered shares of The Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price target (up from $150.00) on shares of The Home Depot in a research note on Wednesday, August 17th. Nomura reaffirmed an “in-line” rating and issued a $155.00 price target on shares of The Home Depot in a research note on Wednesday, August 17th. Wedbush raised their price target on shares of The Home Depot from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of The Home Depot in a research note on Monday, September 12th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $146.86.

In other news, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $135.06, for a total value of $6,670,883.52. Following the completion of the sale, the executive vice president now owns 224,905 shares of the company’s stock, valued at $30,375,669.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Carey sold 29,357 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the completion of the sale, the executive vice president now directly owns 88,872 shares of the company’s stock, valued at approximately $12,109,698.72. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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