Walter & Keenan Financial Consulting Co. MI ADV Grows Stake in Home Depot Inc (HD)

Walter & Keenan Financial Consulting Co. MI ADV grew its holdings in Home Depot Inc (NYSE:HD) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,048 shares of the home improvement retailer’s stock after purchasing an additional 700 shares during the quarter. Home Depot makes up approximately 1.0% of Walter & Keenan Financial Consulting Co. MI ADV’s portfolio, making the stock its 28th largest holding. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Home Depot were worth $2,326,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Parametrica Management Ltd acquired a new stake in Home Depot during the first quarter worth approximately $323,000. Buckhead Capital Management LLC boosted its position in Home Depot by 2.0% during the first quarter. Buckhead Capital Management LLC now owns 33,125 shares of the home improvement retailer’s stock worth $5,904,000 after acquiring an additional 658 shares during the last quarter. Jackson Wealth Management LLC boosted its position in Home Depot by 3.3% during the first quarter. Jackson Wealth Management LLC now owns 15,153 shares of the home improvement retailer’s stock worth $2,689,000 after acquiring an additional 482 shares during the last quarter. Hodges Capital Management Inc. boosted its position in Home Depot by 1.3% during the first quarter. Hodges Capital Management Inc. now owns 30,285 shares of the home improvement retailer’s stock worth $5,398,000 after acquiring an additional 379 shares during the last quarter. Finally, QCI Asset Management Inc. NY boosted its position in Home Depot by 4,517.8% during the first quarter. QCI Asset Management Inc. NY now owns 66,173 shares of the home improvement retailer’s stock worth $11,795,000 after acquiring an additional 64,740 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

In other news, Director Stephanie Linnartz purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The shares were purchased at an average price of $187.57 per share, with a total value of $187,570.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark Holifield sold 45,549 shares of Home Depot stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $186.84, for a total transaction of $8,510,375.16. Following the sale, the executive vice president now directly owns 51,879 shares in the company, valued at approximately $9,693,072.36. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

A number of equities analysts have weighed in on the stock. Wells Fargo & Co set a $205.00 price target on shares of Home Depot and gave the stock a “buy” rating in a research note on Tuesday, May 15th. Loop Capital set a $187.00 price target on shares of Home Depot and gave the stock a “hold” rating in a research note on Tuesday, May 15th. Morgan Stanley set a $210.00 price target on shares of Home Depot and gave the stock a “buy” rating in a research note on Wednesday, March 21st. Credit Suisse Group set a $222.00 price target on shares of Home Depot and gave the stock a “buy” rating in a research note on Monday, May 14th. Finally, Bank of America reaffirmed a “buy” rating and set a $215.00 price target on shares of Home Depot in a research note on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $197.25.

Shares of Home Depot opened at $195.10 on Friday, Marketbeat Ratings reports. Home Depot Inc has a 52 week low of $144.25 and a 52 week high of $207.60. The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37. The firm has a market capitalization of $225.18 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.03. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The business had revenue of $24.95 billion for the quarter, compared to the consensus estimate of $25.17 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. equities analysts expect that Home Depot Inc will post 9.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.11%. The ex-dividend date was Wednesday, May 30th. Home Depot’s dividend payout ratio (DPR) is 55.23%.

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.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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