Home Depot Inc (HD) Shares Bought by Advanced Asset Management Advisors Inc

Advanced Asset Management Advisors Inc boosted its stake in Home Depot Inc (NYSE:HD) by 343.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,720 shares of the home improvement retailer’s stock after buying an additional 13,720 shares during the period. Home Depot accounts for approximately 1.0% of Advanced Asset Management Advisors Inc’s portfolio, making the stock its 23rd largest position. Advanced Asset Management Advisors Inc’s holdings in Home Depot were worth $3,045,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Waldron Private Wealth LLC increased its stake in shares of Home Depot by 2.7% during the third quarter. Waldron Private Wealth LLC now owns 2,308 shares of the home improvement retailer’s stock valued at $478,000 after purchasing an additional 60 shares in the last quarter. Peterson Wealth Advisors LLC increased its stake in shares of Home Depot by 4.3% during the fourth quarter. Peterson Wealth Advisors LLC now owns 1,458 shares of the home improvement retailer’s stock valued at $250,000 after purchasing an additional 60 shares in the last quarter. Cedar Capital LLC increased its stake in shares of Home Depot by 2.3% during the fourth quarter. Cedar Capital LLC now owns 2,722 shares of the home improvement retailer’s stock valued at $468,000 after purchasing an additional 60 shares in the last quarter. Berkshire Asset Management LLC PA increased its stake in shares of Home Depot by 0.8% during the fourth quarter. Berkshire Asset Management LLC PA now owns 7,447 shares of the home improvement retailer’s stock valued at $1,280,000 after purchasing an additional 62 shares in the last quarter. Finally, Fayerweather Charles increased its stake in shares of Home Depot by 1.3% during the fourth quarter. Fayerweather Charles now owns 5,211 shares of the home improvement retailer’s stock valued at $896,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

In related news, EVP Ann Marie Campbell sold 5,450 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the sale, the executive vice president now owns 51,030 shares in the company, valued at $9,423,710.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Holifield sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the completion of the sale, the executive vice president now owns 39,794 shares in the company, valued at approximately $7,306,178.40. The disclosure for this sale can be found here. Insiders sold 41,194 shares of company stock worth $7,553,141 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Shares of HD opened at $194.58 on Friday. The company has a market cap of $214.80 billion, a P/E ratio of 19.67, a PEG ratio of 1.69 and a beta of 1.09. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.09. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The company had revenue of $26.49 billion for the quarter, compared to analysts’ expectations of $26.57 billion. During the same quarter last year, the company posted $1.69 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Home Depot Inc will post 10.09 EPS for the current fiscal year.

Home Depot announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 26th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

A number of equities analysts have weighed in on the stock. Telsey Advisory Group downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $205.00 to $192.00 in a research note on Wednesday, February 27th. Zacks Investment Research downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Bank of America reissued a “neutral” rating and set a $202.00 price target on shares of Home Depot in a research report on Thursday, April 11th. Credit Suisse Group set a $194.00 price target on shares of Home Depot and gave the company a “hold” rating in a research report on Tuesday, February 26th. Finally, Wells Fargo & Co raised their price target on shares of Home Depot from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $204.71.

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About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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