Community Financial Services Group LLC Takes $207,000 Position in Home Depot Inc (HD)
Community Financial Services Group LLC acquired a new stake in Home Depot Inc (NYSE:HD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the home improvement retailer’s stock, valued at approximately $207,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Amussen Hunsaker Associates LLC purchased a new stake in shares of Home Depot in the second quarter valued at about $107,000. CSat Investment Advisory L.P. purchased a new stake in shares of Home Depot in the second quarter valued at about $112,000. Mainstay Capital Management LLC ADV boosted its holdings in shares of Home Depot by 203.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock valued at $116,000 after acquiring an additional 400 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its holdings in shares of Home Depot by 84.6% in the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock valued at $117,000 after acquiring an additional 275 shares in the last quarter. Finally, Fort L.P. purchased a new stake in shares of Home Depot in the second quarter valued at about $120,000. Institutional investors own 69.85% of the company’s stock.
HD stock opened at $172.79 on Friday. The stock has a market cap of $198.01 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.37 and a beta of 1.26. Home Depot Inc has a 52 week low of $167.00 and a 52 week high of $215.43. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, November 28th. Home Depot’s dividend payout ratio is currently 55.23%.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. UBS Group lowered their target price on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Deutsche Bank lowered their target price on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Credit Suisse Group set a $204.00 target price on shares of Home Depot and gave the company a “hold” rating in a report on Tuesday, November 13th. Finally, Citigroup lowered their target price on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $206.67.
In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of Home Depot stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the completion of the transaction, the chief executive officer now owns 264,970 shares in the company, valued at $47,805,887.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Manuel Kadre bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average price of $177.48 per share, with a total value of $354,960.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $354,960. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 13,750 shares of company stock worth $2,401,470. 0.25% of the stock is owned by insiders.
Home Depot 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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