Executive Wealth Management LLC Raises Stock Position in Home Depot Inc (NYSE:HD)

Executive Wealth Management LLC grew its holdings in Home Depot Inc (NYSE:HD) by 260.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,566 shares of the home improvement retailer’s stock after acquiring an additional 17,755 shares during the period. Home Depot comprises approximately 0.7% of Executive Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Executive Wealth Management LLC’s holdings in Home Depot were worth $5,109,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Osborne Partners Capital Management LLC boosted its position in shares of Home Depot by 0.3% during the fourth quarter. Osborne Partners Capital Management LLC now owns 45,877 shares of the home improvement retailer’s stock valued at $7,883,000 after purchasing an additional 122 shares in the last quarter. Heritage Way Advisors LLC boosted its position in shares of Home Depot by 2.4% during the fourth quarter. Heritage Way Advisors LLC now owns 13,570 shares of the home improvement retailer’s stock valued at $2,332,000 after purchasing an additional 314 shares in the last quarter. Independence Bank of Kentucky boosted its position in shares of Home Depot by 63.4% during the fourth quarter. Independence Bank of Kentucky now owns 3,545 shares of the home improvement retailer’s stock valued at $609,000 after purchasing an additional 1,375 shares in the last quarter. Ackerman Capital Advisors LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $347,000. Finally, Excalibur Management Corp boosted its position in shares of Home Depot by 18.0% during the fourth quarter. Excalibur Management Corp now owns 3,182 shares of the home improvement retailer’s stock valued at $547,000 after purchasing an additional 485 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on HD shares. Wells Fargo & Co lifted their price objective on Home Depot from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Robert W. Baird reiterated a “positive” rating on shares of Home Depot in a research note on Thursday, April 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $192.00 price objective on shares of Home Depot in a research note on Wednesday, May 1st. Finally, Gabelli cut Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $210.12.



Shares of HD stock traded up $1.86 during mid-day trading on Friday, hitting $203.65. The company’s stock had a trading volume of 3,983,300 shares, compared to its average volume of 3,081,796. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $219.30. The business has a 50-day moving average price of $211.99 and a 200 day moving average price of $198.76. The stock has a market cap of $221.81 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.87 and a beta of 1.12.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The firm had revenue of $26.38 billion during the quarter, compared to analysts’ expectations of $26.34 billion. During the same quarter in the previous year, the business earned $2.08 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that Home Depot Inc will post 10.1 EPS for the current fiscal year.

In other news, EVP Matt Carey sold 34,688 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the completion of the transaction, the executive vice president now owns 81,982 shares in the company, valued at $16,567,742.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total value of $1,652,230.00. Following the completion of the transaction, the executive vice president now owns 13,357 shares of the company’s stock, valued at approximately $2,596,333.66. The disclosure for this sale can be found here. Insiders sold 82,522 shares of company stock valued at $16,156,831 in the last 90 days. Company insiders own 0.27% of the company’s stock.

About Home Depot

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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