Iberiabank Corp Raises Holdings in Home Depot Inc (HD)

Iberiabank Corp grew its stake in Home Depot Inc (NYSE:HD) by 16.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,024 shares of the home improvement retailer’s stock after purchasing an additional 4,276 shares during the quarter. Iberiabank Corp’s holdings in Home Depot were worth $6,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Viridian Ria LLC grew its position in shares of Home Depot by 12.1% in the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after buying an additional 255 shares during the period. Nadler Financial Group Inc. grew its position in shares of Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after buying an additional 264 shares during the period. Exencial Wealth Advisors LLC grew its position in shares of Home Depot by 6.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after buying an additional 266 shares during the period. Bingham Osborn & Scarborough LLC grew its position in shares of Home Depot by 11.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after buying an additional 273 shares during the period. Finally, Burns J W & Co. Inc. NY grew its position in shares of Home Depot by 1.4% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock worth $3,918,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 69.85% of the company’s stock.

In other news, EVP Ann Marie Campbell sold 13,457 shares of the firm’s 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 approximately $9,702,022.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Wayne M. Hewett purchased 250 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were bought at an average cost of $169.62 per share, for a total transaction of $42,405.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at $508,860. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 13,750 shares of company stock worth $2,401,470. Insiders own 0.25% of the company’s stock.

Shares of NYSE HD opened at $175.96 on Friday. 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 stock has a market cap of $198.01 billion, a PE ratio of 18.79, 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.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.24. The firm had revenue of $26.30 billion for the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 EPS. On average, equities research analysts forecast 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. Stockholders 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 dividend yield of 2.34%. The ex-dividend date is Wednesday, November 28th. Home Depot’s payout ratio is presently 55.23%.

Several brokerages recently commented on HD. Bank of America downgraded shares of Home Depot from a “buy” rating to a “neutral” rating and cut their price objective for the company from $219.00 to $195.00 in a research report on Friday, November 16th. Credit Suisse Group cut their price objective on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a research report on Thursday, November 15th. Deutsche Bank cut their price objective on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Citigroup cut their price objective on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Finally, UBS Group cut their price objective on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $205.43.

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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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