United Bank Sells 1,284 Shares of Home Depot Inc (NYSE:HD)

United Bank decreased its stake in shares of Home Depot Inc (NYSE:HD) by 29.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,042 shares of the home improvement retailer’s stock after selling 1,284 shares during the quarter. United Bank’s holdings in Home Depot were worth $633,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HD. Oregon Public Employees Retirement Fund boosted its position in shares of Home Depot by 8,331.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock worth $125,000 after acquiring an additional 21,212,570 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in Home Depot by 21,191.0% during the second quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock valued at $353,410,000 after purchasing an additional 3,517,498 shares during the last quarter. AMF Pensionsforsakring AB bought a new position in Home Depot during the second quarter valued at $197,884,000. Boston Partners bought a new position in Home Depot during the fourth quarter valued at $147,976,000. Finally, Mn Services Vermogensbeheer B.V. lifted its position in Home Depot by 226.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 604,165 shares of the home improvement retailer’s stock valued at $90,808,000 after purchasing an additional 419,034 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Several research firms have commented on HD. Gabelli lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Robert W. Baird reiterated a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley increased their price objective on shares of Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $207.78.

In other news, EVP Timothy A. Hourigan sold 13,000 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the sale, the executive vice president now owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the completion of the transaction, the executive vice president now directly owns 13,357 shares in the company, valued at approximately $2,596,333.66. The disclosure for this sale can be found here. In the last three months, insiders sold 82,522 shares of company stock worth $16,156,831. Insiders own 0.27% of the company’s stock.

Shares of HD traded down $0.68 during midday trading on Friday, hitting $212.15. The stock had a trading volume of 2,884,258 shares, compared to its average volume of 2,908,030. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $219.30. The stock has a market capitalization of $234.17 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 1.96 and a beta of 1.12. The company’s 50 day moving average is $211.83.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.10. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The business had revenue of $26.38 billion for the quarter, compared to the consensus estimate of $26.34 billion. During the same quarter in the prior 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. On average, analysts expect that Home Depot Inc will post 10.17 EPS for the current year.

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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