Home Depot Inc (HD) is Advisors Asset Management Inc.’s 10th Largest Position

Advisors Asset Management Inc. lessened its stake in Home Depot Inc (NYSE:HD) by 42.2% in the 2nd quarter, Holdings Channel reports. The firm owned 130,680 shares of the home improvement retailer’s stock after selling 95,341 shares during the period. Home Depot comprises 0.8% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 10th biggest position. Advisors Asset Management Inc.’s holdings in Home Depot were worth $44,091,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC raised its position in shares of Home Depot by 0.4% during the 2nd quarter. FMR LLC now owns 28,997,912 shares of the home improvement retailer’s stock valued at $5,657,493,000 after acquiring an additional 109,499 shares during the last quarter. Morgan Stanley raised its position in shares of Home Depot by 11.4% during the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock valued at $1,889,985,000 after acquiring an additional 991,466 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Home Depot by 2.6% during the 2nd quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock valued at $844,119,000 after acquiring an additional 108,535 shares during the last quarter. Swiss National Bank raised its position in shares of Home Depot by 2.9% during the 2nd quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock valued at $789,299,000 after acquiring an additional 115,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Home Depot by 3.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock valued at $758,772,000 after acquiring an additional 114,785 shares during the last quarter. Hedge funds and other institutional investors own 69.52% of the company’s stock.

Several brokerages have commented on HD. Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Citigroup dropped their target price on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Deutsche Bank dropped their target price on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Credit Suisse Group dropped their target price on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a research report on Thursday, November 15th. Finally, UBS Group dropped their target price on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $204.16.

Shares of NYSE HD opened at $168.85 on Friday. The firm has a market capitalization of $191.23 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. Home Depot Inc has a 1-year low of $167.00 and a 1-year high of $215.43.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 EPS. Sell-side analysts expect that Home Depot Inc will post 9.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Wednesday, November 28th. Home Depot’s payout ratio is presently 55.23%.

In related news, Director Wayne M. Hewett bought 250 shares of Home Depot stock in a transaction that occurred on Wednesday, November 21st. The stock was purchased at an average cost of $169.62 per share, with a total value of $42,405.00. Following the purchase, the director now owns 3,000 shares in the company, valued at $508,860. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Manuel Kadre bought 2,000 shares of Home Depot stock in a transaction that occurred on Wednesday, November 14th. The stock was bought at an average cost of $177.48 per share, with a total value of $354,960.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $354,960. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 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 Company 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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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