Great Valley Advisor Group Inc. Reduces Stock Holdings in Home Depot Inc (NYSE:HD)

Great Valley Advisor Group Inc. lowered its position in Home Depot Inc (NYSE:HD) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,757 shares of the home improvement retailer’s stock after selling 150 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Home Depot were worth $3,823,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HD. Armbruster Capital Management Inc. boosted its stake in shares of Home Depot by 6.6% during the second quarter. Armbruster Capital Management Inc. now owns 1,386 shares of the home improvement retailer’s stock valued at $347,000 after acquiring an additional 86 shares during the last quarter. Bruderman Asset Management LLC boosted its stake in shares of Home Depot by 8.5% during the second quarter. Bruderman Asset Management LLC now owns 28,186 shares of the home improvement retailer’s stock valued at $6,994,000 after acquiring an additional 2,206 shares during the last quarter. Fiduciary Planning LLC boosted its stake in shares of Home Depot by 10.8% during the second quarter. Fiduciary Planning LLC now owns 5,660 shares of the home improvement retailer’s stock valued at $1,503,000 after acquiring an additional 552 shares during the last quarter. Grove Bank & Trust grew its holdings in Home Depot by 1.5% in the 2nd quarter. Grove Bank & Trust now owns 7,798 shares of the home improvement retailer’s stock valued at $1,953,000 after buying an additional 113 shares during the period. Finally, WESPAC Advisors SoCal LLC boosted its position in shares of Home Depot by 3.2% in the second quarter. WESPAC Advisors SoCal LLC now owns 32,755 shares of the home improvement retailer’s stock worth $8,192,000 after acquiring an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.

Shares of NYSE:HD opened at $283.00 on Friday. The company has a market cap of $304.64 billion, a PE ratio of 25.94, a P/E/G ratio of 2.36 and a beta of 1.09. The company’s 50-day moving average price is $278.20 and its 200 day moving average price is $254.81. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $292.95.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.82. The firm had revenue of $38.05 billion for the quarter, compared to the consensus estimate of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. Home Depot’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the firm posted $3.17 EPS. As a group, sell-side analysts anticipate that Home Depot Inc will post 11.41 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. Loop Capital increased their price target on shares of Home Depot from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Exane BNP Paribas assumed coverage on shares of Home Depot in a research note on Monday, October 5th. They set an “outperform” rating and a $310.00 price target on the stock. Robert W. Baird increased their price target on shares of Home Depot from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Barclays increased their price target on shares of Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Finally, BofA Securities increased their price target on shares of Home Depot from $330.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $290.00.

In other Home Depot news, EVP William G. Lennie sold 13,199 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total transaction of $3,738,220.78. Following the completion of the transaction, the executive vice president now directly owns 49,736 shares of the company’s stock, valued at approximately $14,086,229.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Matt Carey sold 50,478 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total value of $13,953,633.54. Following the transaction, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at $17,341,836.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,304 shares of company stock worth $32,088,591. 0.26% of the stock is currently owned by insiders.

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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