Fulton Bank N.A. Has $4.66 Million Position in Home Depot Inc (HD)
Fulton Bank N.A. lifted its position in Home Depot Inc (NYSE:HD) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,584 shares of the home improvement retailer’s stock after purchasing an additional 291 shares during the quarter. Fulton Bank N.A.’s holdings in Home Depot were worth $4,659,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Jacobi Capital Management LLC lifted its position in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the last quarter. Burt Wealth Advisors lifted its position in shares of Home Depot by 83.5% during the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Home Depot by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after purchasing an additional 340 shares in the last quarter. Empire Life Investments Inc. lifted its position in shares of Home Depot by 233.4% during the third quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock worth $157,000 after purchasing an additional 670 shares in the last quarter. Finally, Glassman Wealth Services lifted its position in shares of Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares in the last quarter. 69.63% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on HD. Telsey Advisory Group increased their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Robert W. Baird reissued an “outperform” rating and set a $195.00 price target on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks increased their price target on shares of Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Credit Suisse Group increased their price target on shares of Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Bank of America increased their price target on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $193.15.
Shares of Home Depot Inc (NYSE:HD) opened at $178.46 on Monday. The firm has a market cap of $208,396.50, a P/E ratio of 23.95, a P/E/G ratio of 1.38 and a beta of 1.14. Home Depot Inc has a 1-year low of $144.25 and a 1-year high of $207.60. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The firm had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. equities analysts forecast that Home Depot Inc will post 9.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be paid a $1.03 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, March 7th. Home Depot’s dividend payout ratio is currently 48.90%.
Home Depot declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
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Home Depot 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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