Exxonmobil Investment Management Inc. TX lowered its stake in shares of The Home Depot Inc. (NYSE:HD) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 315,486 shares of the home improvement retailer’s stock after selling 6,525 shares during the period. The Home Depot makes up about 0.8% of Exxonmobil Investment Management Inc. TX’s portfolio, making the stock its 24th largest position. Exxonmobil Investment Management Inc. TX’s holdings in The Home Depot were worth $40,597,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of The Home Depot by 1.2% in the first quarter. Arizona State Retirement System now owns 375,160 shares of the home improvement retailer’s stock valued at $50,058,000 after buying an additional 4,400 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of The Home Depot during the first quarter valued at about $5,628,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of The Home Depot by 5.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 135,555 shares of the home improvement retailer’s stock valued at $18,106,000 after buying an additional 7,199 shares during the last quarter. M&R Capital Management Inc. boosted its stake in shares of The Home Depot by 16.0% in the first quarter. M&R Capital Management Inc. now owns 8,242 shares of the home improvement retailer’s stock valued at $1,100,000 after buying an additional 1,135 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in shares of The Home Depot by 40.9% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 45,131 shares of the home improvement retailer’s stock valued at $6,022,000 after buying an additional 13,106 shares during the last quarter. Hedge funds and other institutional investors own 69.36% of the company’s stock.
Shares of The Home Depot Inc. (NYSE:HD) traded up 0.43% during mid-day trading on Tuesday, hitting $130.51. The company had a trading volume of 324,117 shares. The company has a market capitalization of $158.98 billion, a P/E ratio of 21.19 and a beta of 1.05. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00. The firm’s 50-day moving average price is $125.86 and its 200 day moving average price is $130.38.
The Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. The company earned $23.20 billion during the quarter, compared to analyst estimates of $23.05 billion. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The Home Depot’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. Analysts predict that The Home Depot Inc. will post $6.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, November 29th. The Home Depot’s payout ratio is 44.66%.
A number of analysts have recently weighed in on HD shares. Stifel Nicolaus started coverage on The Home Depot in a research report on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price target on the stock. Zacks Investment Research upgraded The Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $142.00 price target on shares of The Home Depot in a research report on Tuesday, August 16th. Wedbush reiterated a “neutral” rating and set a $140.00 price target (down from $145.00) on shares of The Home Depot in a research report on Tuesday, August 16th. Finally, Royal Bank Of Canada increased their price target on The Home Depot from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $145.24.
In other The Home Depot news, Director Jeffery H. Boyd bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was acquired at an average cost of $128.27 per share, for a total transaction of $1,282,700.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $1,282,700. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Edward P. Decker sold 20,000 shares of The Home Depot stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $130.80, for a total value of $2,616,000.00. Following the sale, the executive vice president now owns 63,878 shares of the company’s stock, valued at $8,355,242.40. The disclosure for this sale can be found here. 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.