Nelson Van Denburg & Campbell Wealth Management Group LLC Has $2.11 Million Stake in Home Depot Inc (NYSE:HD)

Nelson Van Denburg & Campbell Wealth Management Group LLC decreased its position in shares of Home Depot Inc (NYSE:HD) by 4.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,087 shares of the home improvement retailer’s stock after selling 454 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Home Depot were worth $2,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Enterprise Trust & Investment Co bought a new stake in shares of Home Depot during the third quarter valued at approximately $27,000. Krane Funds Advisors LLC bought a new position in Home Depot in the second quarter valued at approximately $25,000. Evolution Wealth Advisors LLC bought a new position in Home Depot in the second quarter valued at approximately $31,000. MRA Associates USA LLC bought a new position in Home Depot in the second quarter valued at approximately $34,000. Finally, Thor Advisors LLC bought a new position in Home Depot in the first quarter valued at approximately $32,000. 69.92% of the stock is owned by institutional investors.

Shares of NYSE:HD traded up $0.57 during midday trading on Wednesday, reaching $227.24. 579,963 shares of the company were exchanged, compared to its average volume of 4,128,015. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $235.49. The stock has a fifty day simple moving average of $226.72 and a two-hundred day simple moving average of $208.94. The firm has a market cap of $249.62 billion, a PE ratio of 22.98, a P/E/G ratio of 2.23 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 6,597.69%. The business had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same period last year, the business posted $3.05 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts expect that Home Depot Inc will post 10.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.39%. Home Depot’s payout ratio is 55.01%.

In related news, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares in the company, valued at $18,511,266.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Edward P. Decker sold 22,908 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the sale, the executive vice president now owns 87,343 shares in the company, valued at $19,839,962.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is currently owned by company insiders.

HD has been the topic of a number of recent analyst reports. Loop Capital lifted their price target on shares of Home Depot to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Credit Suisse Group set a $213.00 price target on shares of Home Depot and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Gabelli cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on shares of Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Co lifted their price target on shares of Home Depot from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $226.65.

About Home Depot

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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