Great West Life Assurance Co. Can cut its holdings in Home Depot Inc (NYSE:HD) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,054,735 shares of the home improvement retailer’s stock after selling 44,077 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Home Depot were worth $218,683,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Navellier & Associates Inc boosted its stake in shares of Home Depot by 12.2% during the second quarter. Navellier & Associates Inc now owns 30,036 shares of the home improvement retailer’s stock valued at $5,860,000 after purchasing an additional 3,258 shares in the last quarter. Strategic Financial Services Inc acquired a new stake in shares of Home Depot during the second quarter valued at about $212,000. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of Home Depot by 632.8% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 46,900 shares of the home improvement retailer’s stock valued at $9,150,000 after purchasing an additional 40,500 shares in the last quarter. Beaumont Financial Partners LLC increased its holdings in Home Depot by 12.3% in the second quarter. Beaumont Financial Partners LLC now owns 7,012 shares of the home improvement retailer’s stock worth $1,368,000 after purchasing an additional 768 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in Home Depot by 18.2% in the second quarter. Belpointe Asset Management LLC now owns 7,334 shares of the home improvement retailer’s stock worth $1,431,000 after purchasing an additional 1,131 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of HD opened at $184.54 on Monday. The firm has a market capitalization of $208.44 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.40 and a beta of 1.10. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $215.43.
In related news, Director Manuel Kadre acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were bought at an average cost of $177.48 per share, for a total transaction of $354,960.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $354,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 13,457 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total value of $2,323,216.48. Following the sale, the executive vice president now owns 56,198 shares in the company, valued at $9,702,022.72. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 13,750 shares of company stock worth $2,401,470 and sold 137,987 shares worth $24,769,526. Insiders own 0.25% of the company’s stock.
A number of brokerages have weighed in on HD. Credit Suisse Group reiterated a “neutral” rating and issued a $204.00 target price (down from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. Zacks Investment Research cut Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday, October 16th. ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Royal Bank of Canada cut their price objective on Home Depot from $218.00 to $208.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Finally, Deutsche Bank cut their price objective on Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $204.60.
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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.
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