Cerebellum GP LLC Invests $179,000 in Home Depot Inc (NYSE:HD)

Cerebellum GP LLC purchased a new position in shares of Home Depot Inc (NYSE:HD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 946 shares of the home improvement retailer’s stock, valued at approximately $179,000.

Several other hedge funds have also modified their holdings of the company. Nuveen Asset Management LLC increased its position in shares of Home Depot by 3,457.2% during the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock worth $2,005,132,000 after purchasing an additional 9,370,409 shares in the last quarter. Morgan Stanley grew its holdings in shares of Home Depot by 0.5% during the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after buying an additional 44,258 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Home Depot by 0.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after buying an additional 25,410 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Home Depot by 8.7% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock valued at $1,632,392,000 after buying an additional 478,602 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Home Depot by 2.4% during the second quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock valued at $1,151,422,000 after buying an additional 127,532 shares during the last quarter. 69.96% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HD opened at $235.62 on Wednesday. Home Depot Inc has a one year low of $158.09 and a one year high of $236.86. The firm has a market cap of $256.99 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.29 and a beta of 1.05. The firm’s fifty day moving average is $229.00 and its two-hundred day moving average is $210.49.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating the consensus estimate 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 company had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same period in the prior year, the company earned $3.05 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that Home Depot Inc will post 10.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, September 4th. Home Depot’s payout ratio is 55.01%.

In other news, EVP William G. Lennie sold 9,200 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $18,511,266.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the sale, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by corporate insiders.

A number of brokerages have recently weighed in on HD. KeyCorp reissued a “hold” rating on shares of Home Depot in a report on Wednesday, August 21st. Gabelli lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. They noted that the move was a valuation call. SunTrust Banks reissued a “hold” rating and set a $208.00 price objective on shares of Home Depot in a report on Wednesday, August 21st. DZ Bank lowered shares of Home Depot from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. Finally, Credit Suisse Group set a $213.00 price objective on shares of Home Depot and gave the company a “neutral” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Home Depot has an average rating of “Buy” and a consensus price target of $228.24.

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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