Allianz Life Insurance Co. of North America reduced its holdings in shares of Home Depot Inc (NYSE:HD) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,867 shares of the home improvement retailer’s stock after selling 575 shares during the quarter. Allianz Life Insurance Co. of North America’s holdings in Home Depot were worth $754,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Lucia Wealth Services LLC bought a new position in Home Depot during the first quarter worth $101,000. Earnest Partners LLC bought a new position in Home Depot during the fourth quarter worth $108,000. Institutional & Family Asset Management LLC bought a new position in Home Depot during the first quarter worth $108,000. Clarus Wealth Advisors bought a new position in Home Depot during the second quarter worth $136,000. Finally, Princeton Capital Management LLC bought a new position in Home Depot during the first quarter worth $151,000. Institutional investors own 68.96% of the company’s stock.
In other news, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.
HD has been the topic of several research analyst reports. Wells Fargo & Co restated a “buy” rating and set a $230.00 price objective on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. UBS Group increased their target price on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 20th. Citigroup increased their target price on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, August 10th. Finally, ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $205.92.
Shares of HD opened at $207.52 on Thursday. The firm has a market cap of $237.97 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.64 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot Inc has a one year low of $160.14 and a one year high of $215.43.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. The company had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. sell-side analysts anticipate that Home Depot Inc will post 9.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s dividend payout ratio (DPR) is 55.23%.
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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