Cornell Pochily Investment Advisors Inc. acquired a new position in shares of Home Depot Inc (NYSE:HD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,972 shares of the home improvement retailer’s stock, valued at approximately $339,000.
Other hedge funds have also recently bought and sold shares of the company. Portfolio Solutions LLC acquired a new stake in shares of Home Depot during the 4th quarter worth $26,000. Virtus ETF Advisers LLC acquired a new stake in shares of Home Depot during the 4th quarter worth $32,000. Private Ocean LLC grew its holdings in shares of Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares in the last quarter. Ironwood Financial llc grew its holdings in shares of Home Depot by 39.5% during the 4th quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after purchasing an additional 81 shares in the last quarter. Finally, Avondale Wealth Management grew its holdings in shares of Home Depot by 52.4% during the 4th quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 69.31% of the company’s stock.
In other news, EVP Ann Marie Campbell sold 5,450 shares of Home Depot stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the sale, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward P. Decker sold 23,744 shares of Home Depot stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total value of $4,343,489.92. Following the sale, the executive vice president now directly owns 86,813 shares in the company, valued at $15,880,702.09. The disclosure for this sale can be found here. Insiders have sold 41,194 shares of company stock worth $7,553,141 over the last three months. Insiders own 0.27% of the company’s stock.
NYSE:HD opened at $192.00 on Friday. The stock has a market capitalization of $208.54 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. The company has a current ratio of 1.04, a quick ratio of 0.28 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 announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The firm had revenue of $26.38 billion for the quarter, compared to analyst estimates of $26.34 billion. During the same period last year, the firm posted $2.08 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that Home Depot Inc will post 10.34 EPS for the current fiscal year.
Home Depot announced that its Board of Directors has approved a share buyback plan on Tuesday, February 26th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. Home Depot’s payout ratio is 55.01%.
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Home Depot Company Profile
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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