Home Depot Inc (HD) Shares Bought by San Francisco Sentry Investment Group CA
San Francisco Sentry Investment Group CA boosted its holdings in Home Depot Inc (NYSE:HD) by 35.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,923 shares of the home improvement retailer’s stock after acquiring an additional 8,853 shares during the quarter. Home Depot accounts for about 1.9% of San Francisco Sentry Investment Group CA’s investment portfolio, making the stock its 6th largest position. San Francisco Sentry Investment Group CA’s holdings in Home Depot were worth $5,547,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Jacobi Capital Management LLC increased its position in shares of Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares during the last quarter. Burt Wealth Advisors increased its position in shares of Home Depot by 83.5% during the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after purchasing an additional 396 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after purchasing an additional 340 shares during the last quarter. Glassman Wealth Services increased its position in shares of Home Depot by 38.3% during the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares during the last quarter. Finally, AllSquare Wealth Management LLC bought a new position in shares of Home Depot during the 3rd quarter valued at about $178,000. Institutional investors and hedge funds own 70.34% of the company’s stock.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now owns 29,559 shares in the company, valued at approximately $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.
Home Depot announced that its board has authorized a stock repurchase program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
HD has been the topic of several recent research reports. Royal Bank of Canada set a $179.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Monday, October 30th. Citigroup increased their price objective on Home Depot from $179.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Credit Suisse Group raised their price target on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Bank of America raised their price target on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, KeyCorp began coverage on Home Depot in a research report on Tuesday, November 7th. They set a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and a consensus price target of $190.32.
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Home Depot Company 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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