State of Alaska Department of Revenue trimmed its stake in shares of Home Depot Inc (NYSE:HD) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,470 shares of the home improvement retailer’s stock after selling 23,745 shares during the period. Home Depot accounts for 0.9% of State of Alaska Department of Revenue’s holdings, making the stock its 9th biggest position. State of Alaska Department of Revenue’s holdings in Home Depot were worth $52,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. FMR LLC lifted its stake in shares of Home Depot by 0.4% in the second quarter. FMR LLC now owns 28,997,912 shares of the home improvement retailer’s stock worth $5,657,493,000 after buying an additional 109,499 shares in the last quarter. Morgan Stanley lifted its stake in shares of Home Depot by 11.4% in the second quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock worth $1,889,985,000 after buying an additional 991,466 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Home Depot by 2.6% in the second quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock worth $844,119,000 after buying an additional 108,535 shares in the last quarter. Swiss National Bank lifted its stake in shares of Home Depot by 2.9% in the second quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock worth $789,299,000 after buying an additional 115,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Home Depot by 3.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock worth $758,772,000 after buying an additional 114,785 shares in the last quarter. 69.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of HD opened at $175.30 on Wednesday. Home Depot Inc has a 1-year low of $167.00 and a 1-year high of $215.43. The stock has a market cap of $203.68 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.42 and a beta of 1.26. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business had revenue of $26.30 billion during the quarter, compared to analysts’ expectations of $26.23 billion. During the same period last year, the business earned $1.84 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Home Depot Inc will post 9.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Wednesday, November 28th. Home Depot’s dividend payout ratio is presently 55.23%.

A number of equities analysts have commented on HD shares. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research note on Friday, October 5th. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Bank of America downgraded shares of Home Depot from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $219.00 to $195.00 in a research note on Friday, November 16th. Morgan Stanley lifted their target price on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $204.00 target price (down from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Home Depot presently has an average rating of “Buy” and an average target price of $205.43.

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 sale, the chief executive officer now directly 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 available through this hyperlink. Also, EVP Ann Marie Campbell sold 13,457 shares of Home Depot stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the sale, the executive vice president now owns 56,198 shares of the company’s stock, valued at $9,702,022.72. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 13,750 shares of company stock valued at $2,401,470. Company insiders own 0.25% of the company’s stock.

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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 d├ęcor 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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