The Home Depot Inc. (HD) Stake Lowered by Puzo Michael J
Puzo Michael J lowered its position in The Home Depot Inc. (NYSE:HD) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,383 shares of the home improvement retailer’s stock after selling 477 shares during the period. The Home Depot makes up 1.5% of Puzo Michael J’s portfolio, making the stock its 24th largest position. Puzo Michael J’s holdings in The Home Depot were worth $2,348,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of The Home Depot during the second quarter valued at approximately $337,042,000. Emerald Acquisition Ltd. bought a new position in shares of The Home Depot during the second quarter valued at approximately $198,627,000. Jennison Associates LLC increased its position in shares of The Home Depot by 22.9% in the second quarter. Jennison Associates LLC now owns 7,954,031 shares of the home improvement retailer’s stock valued at $1,015,650,000 after buying an additional 1,483,893 shares during the last quarter. Marsico Capital Management LLC increased its position in shares of The Home Depot by 605.0% in the first quarter. Marsico Capital Management LLC now owns 1,491,833 shares of the home improvement retailer’s stock valued at $199,055,000 after buying an additional 1,280,239 shares during the last quarter. Finally, Capital Fund Management S.A. increased its position in shares of The Home Depot by 3,094.3% in the second quarter. Capital Fund Management S.A. now owns 1,048,670 shares of the home improvement retailer’s stock valued at $133,905,000 after buying an additional 1,015,841 shares during the last quarter. 71.86% of the stock is owned by institutional investors.
The Home Depot Inc. (NYSE:HD) traded down 0.02% during trading on Wednesday, hitting $128.17. 1,736,876 shares of the stock traded hands. The company has a market cap of $158.36 billion, a P/E ratio of 21.69 and a beta of 0.97. The firm has a 50-day moving average price of $130.94 and a 200 day moving average price of $132.62. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00.
The Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.97. The firm had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. On average, equities analysts expect that The Home Depot Inc. will post $6.33 EPS for the current year.
The company also recently disclosed 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 2.15%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s dividend payout ratio (DPR) is 46.54%.
Several equities analysts recently commented on HD shares. Vetr downgraded shares of The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price objective for the company. in a research note on Monday, July 11th. Jefferies Group reissued a “buy” rating on shares of The Home Depot in a research note on Sunday, July 3rd. Zacks Investment Research downgraded shares of The Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday, July 19th. Deutsche Bank AG reissued a “buy” rating and issued a $143.00 price objective on shares of The Home Depot in a research note on Friday, June 17th. Finally, Argus reaffirmed a “hold” rating and set a $154.00 price target on shares of The Home Depot in a research note on Friday, September 16th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The Home Depot presently has a consensus rating of “Buy” and an average target price of $146.86.
In other news, EVP Teresa Wynn Roseborough sold 11,671 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $136.03, for a total value of $1,587,606.13. Following the transaction, the executive vice president now owns 44,107 shares in the company, valued at approximately $5,999,875.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the transaction, the executive vice president now owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
About The Home Depot
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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