Level Four Advisory Services LLC Sells 4,850 Shares of Home Depot, Inc. (The) (HD)
Level Four Advisory Services LLC lowered its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 21.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,688 shares of the home improvement retailer’s stock after selling 4,850 shares during the quarter. Level Four Advisory Services LLC’s holdings in Home Depot were worth $2,594,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in HD. Jacobi Capital Management LLC increased its holdings in Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares in the last quarter. Glassman Wealth Services increased its holdings in Home Depot by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after buying an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC increased its holdings in Home Depot by 81.8% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after buying an additional 495 shares in the last quarter. Mascoma Wealth Management LLC increased its holdings in Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after buying an additional 7 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in Home Depot by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock worth $184,000 after buying an additional 900 shares in the last quarter. 70.37% of the stock is owned by institutional investors and hedge funds.
Home Depot, Inc. (NYSE HD) opened at $182.58 on Friday. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot, Inc. has a 12-month low of $133.05 and a 12-month high of $186.31. The firm has a market capitalization of $213,195.95, a PE ratio of 25.36, a PEG ratio of 1.85 and a beta of 1.11.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period in the previous year, the firm earned $1.60 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. sell-side analysts predict that Home Depot, Inc. will post 7.37 earnings per share for the current year.
Home Depot declared that its board has approved a share buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a yield of 1.95%. Home Depot’s dividend payout ratio is presently 49.44%.
In related news, EVP Matt Carey sold 41,396 shares of the business’s 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 transaction, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.
HD has been the subject of several research analyst reports. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Robert W. Baird set a $175.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Sunday, September 10th. Royal Bank of Canada set a $179.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Monday, October 30th. Credit Suisse Group set a $171.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Bank of America raised their target price on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $183.28.
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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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