CCM Investment Advisers LLC trimmed its stake in shares of Home Depot Inc (NYSE:HD) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 58,437 shares of the home improvement retailer’s stock after selling 2,106 shares during the quarter. Home Depot comprises approximately 2.2% of CCM Investment Advisers LLC’s holdings, making the stock its 10th largest position. CCM Investment Advisers LLC’s holdings in Home Depot were worth $12,105,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Amussen Hunsaker Associates LLC acquired a new stake in shares of Home Depot during the second quarter worth $107,000. CSat Investment Advisory L.P. acquired a new stake in shares of Home Depot during the second quarter worth $112,000. Mainstay Capital Management LLC ADV raised its holdings in shares of Home Depot by 203.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after purchasing an additional 400 shares during the period. RPg Family Wealth Advisory LLC raised its holdings in shares of Home Depot by 84.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 275 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Home Depot by 162.0% during the third quarter. Capital Advisors Ltd. LLC now owns 613 shares of the home improvement retailer’s stock worth $127,000 after purchasing an additional 379 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.
In other news, Director Wayne M. Hewett bought 250 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was bought at an average cost of $169.62 per share, for a total transaction of $42,405.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $508,860. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 13,457 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the completion of the transaction, the executive vice president now owns 56,198 shares of the company’s stock, valued at $9,702,022.72. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 13,750 shares of company stock valued at $2,401,470 and have sold 137,987 shares valued at $24,769,526. Company insiders own 0.25% of the company’s stock.
HD has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, October 16th. Credit Suisse Group dropped their price objective on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a report on Thursday, November 15th. Deutsche Bank dropped their price objective on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Citigroup dropped their price objective on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Home Depot from $218.00 to $208.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $204.60.
Shares of HD opened at $179.58 on Friday. The stock has a market capitalization of $199.97 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.39 and a beta of 1.17. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $215.43.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. Home Depot’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. Equities research analysts expect that Home Depot Inc will post 9.81 EPS for the current fiscal year.
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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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