Jupiter Wealth Management LLC Lowers Holdings in Home Depot Inc (NYSE:HD)

Jupiter Wealth Management LLC decreased its position in shares of Home Depot Inc (NYSE:HD) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,620 shares of the home improvement retailer’s stock after selling 2,272 shares during the period. Home Depot makes up 4.1% of Jupiter Wealth Management LLC’s holdings, making the stock its 7th biggest position. Jupiter Wealth Management LLC’s holdings in Home Depot were worth $8,327,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HD. Evolution Wealth Advisors LLC bought a new stake in Home Depot in the second quarter worth approximately $31,000. Virtus ETF Advisers LLC bought a new stake in Home Depot in the fourth quarter worth approximately $32,000. Thor Advisors LLC bought a new stake in Home Depot in the first quarter worth approximately $32,000. Enlightenment Research LLC bought a new stake in Home Depot in the fourth quarter worth approximately $34,000. Finally, Private Ocean LLC increased its holdings in shares of Home Depot by 53.3% during the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Several research firms have recently commented on HD. Telsey Advisory Group restated a “market perform” rating and set a $192.00 price objective on shares of Home Depot in a report on Wednesday, May 1st. Stifel Nicolaus boosted their price objective on Home Depot to $230.00 and gave the company a “buy” rating in a report on Monday, August 12th. Loop Capital boosted their price objective on Home Depot to $195.00 and gave the company a “hold” rating in a report on Friday, July 19th. Robert W. Baird restated a “positive” rating on shares of Home Depot in a report on Thursday, April 25th. Finally, Wedbush set a $190.00 price target on Home Depot and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $210.12.

Shares of NYSE HD traded up $3.77 during trading on Monday, reaching $207.42. 1,517,779 shares of the stock traded hands, compared to its average volume of 3,138,303. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $219.30. The company has a 50-day moving average of $211.99 and a 200-day moving average of $198.76. The stock has a market capitalization of $222.03 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The firm had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. During the same quarter in the prior year, the firm earned $2.08 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts anticipate that Home Depot Inc will post 10.1 earnings per share for the current year.

In other Home Depot news, EVP Matt Carey sold 34,688 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the transaction, the executive vice president now directly owns 81,982 shares in the company, valued at approximately $16,567,742.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 13,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the transaction, the executive vice president now owns 64,575 shares in the company, valued at $12,482,347.50. The disclosure for this sale can be found here. Insiders have sold a total of 82,522 shares of company stock worth $16,156,831 in the last ninety days. Insiders own 0.27% of the company’s stock.

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 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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