Todays Report: Today, Great West Life Assurance Co. Can Reached $171,075,000 position of The Home Depot Inc. (HD)

Today, Great West Life Assurance Co. Can Reached $171,075,000 position  of The Home Depot Inc. (HD)

Great West Life Assurance Co. Can increased its stake in shares of The Home Depot Inc. (NYSE:HD) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,329,937 shares of the home improvement retailer’s stock after buying an additional 29,339 shares during the period. Great West Life Assurance Co. Can owned approximately 0.11% of The Home Depot worth $171,075,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Capital World Investors increased its position in shares of The Home Depot by 0.4% in the second quarter. Capital World Investors now owns 86,279,401 shares of the home improvement retailer’s stock worth $11,017,017,000 after buying an additional 332,206 shares during the period. FMR LLC increased its position in shares of The Home Depot by 2.3% in the second quarter. FMR LLC now owns 41,090,288 shares of the home improvement retailer’s stock worth $5,246,819,000 after buying an additional 931,070 shares during the period. Cohen & Steers Inc. increased its position in shares of The Home Depot by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock worth $32,480,000 after buying an additional 35,306,300 shares during the period. Ameriprise Financial Inc. increased its position in shares of The Home Depot by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 8,571,292 shares of the home improvement retailer’s stock worth $1,094,130,000 after buying an additional 242,842 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of The Home Depot by 0.4% in the third quarter. Fisher Asset Management LLC now owns 8,480,515 shares of the home improvement retailer’s stock worth $1,091,273,000 after buying an additional 37,104 shares during the period. 69.36% of the stock is owned by hedge funds and other institutional investors.

Shares of The Home Depot Inc. (NYSE:HD) traded down 0.62% during midday trading on Monday, reaching $130.75. The company had a trading volume of 2,617,733 shares. The Home Depot Inc. has a 12 month low of $109.62 and a 12 month high of $139.00. The company has a market capitalization of $160.04 billion, a P/E ratio of 21.23 and a beta of 1.05. The firm’s 50 day moving average price is $125.80 and its 200-day moving average price is $130.49.

The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.02. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.05 billion. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Analysts anticipate that The Home Depot Inc. will post $6.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.69 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.76 dividend on an annualized basis and a yield of 2.10%. The Home Depot’s payout ratio is currently 44.66%.

HD has been the subject of a number of analyst reports. Vetr downgraded The Home Depot from a “buy” rating to a “hold” rating and set a $129.26 target price for the company. in a research note on Wednesday, November 9th. RBC Capital Markets restated an “outperform” rating and set a $155.00 price objective (up previously from $150.00) on shares of The Home Depot in a report on Wednesday, August 17th. Zacks Investment Research upgraded The Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Citigroup Inc. raised their price objective on The Home Depot from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Finally, Macquarie restated a “buy” rating on shares of The Home Depot in a report on Tuesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $145.24.

In other The Home Depot news, EVP Mark Holifield sold 15,606 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $128.39, for a total transaction of $2,003,654.34. Following the sale, the executive vice president now directly owns 39,499 shares of the company’s stock, valued at $5,071,276.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward P. Decker sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $130.80, for a total transaction of $2,616,000.00. Following the sale, the executive vice president now directly owns 63,878 shares in the company, valued at $8,355,242.40. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

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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