Home Depot Inc (NYSE:HD) Shares Acquired by Cornerstone Advisors Inc.

Cornerstone Advisors Inc. grew its holdings in Home Depot Inc (NYSE:HD) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,418 shares of the home improvement retailer’s stock after buying an additional 306 shares during the quarter. Home Depot comprises 0.2% of Cornerstone Advisors Inc.’s investment portfolio, making the stock its 15th biggest holding. Cornerstone Advisors Inc.’s holdings in Home Depot were worth $1,257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bath Savings Trust Co grew its holdings in Home Depot by 7.7% in the second quarter. Bath Savings Trust Co now owns 29,458 shares of the home improvement retailer’s stock worth $6,127,000 after purchasing an additional 2,109 shares during the period. Cox Capital Mgt LLC grew its holdings in Home Depot by 3.1% in the second quarter. Cox Capital Mgt LLC now owns 14,935 shares of the home improvement retailer’s stock worth $3,106,000 after purchasing an additional 453 shares during the period. Thomasville National Bank grew its holdings in Home Depot by 17.7% in the second quarter. Thomasville National Bank now owns 9,159 shares of the home improvement retailer’s stock worth $1,905,000 after purchasing an additional 1,377 shares during the period. LVM Capital Management Ltd. MI grew its holdings in Home Depot by 2.5% in the second quarter. LVM Capital Management Ltd. MI now owns 44,736 shares of the home improvement retailer’s stock worth $9,304,000 after purchasing an additional 1,100 shares during the period. Finally, Baystate Wealth Management LLC grew its holdings in Home Depot by 2.2% in the second quarter. Baystate Wealth Management LLC now owns 3,169 shares of the home improvement retailer’s stock worth $666,000 after purchasing an additional 69 shares during the period. 69.96% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on HD shares. Oppenheimer raised their price target on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Stifel Nicolaus raised their price objective on shares of Home Depot to $230.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Wedbush reaffirmed a “neutral” rating and issued a $230.00 price objective (up from $190.00) on shares of Home Depot in a research note on Wednesday, August 21st. Wells Fargo & Co raised their price objective on shares of Home Depot from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Robert W. Baird raised their price objective on shares of Home Depot from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $228.24.

Shares of HD traded up $0.21 during trading hours on Thursday, reaching $234.88. 274,494 shares of the stock traded hands, compared to its average volume of 3,111,367. The stock has a fifty day simple moving average of $230.93 and a 200 day simple moving average of $212.19. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $238.99. The company has a market cap of $259.77 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.32 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping the consensus estimate of $3.07 by $0.10. The business had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.05 earnings per share. As a group, sell-side analysts expect that Home Depot Inc will post 10.12 EPS for the current year.

In other news, CFO Carol B. Tome sold 145,400 shares of Home Depot stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the transaction, the chief financial officer now owns 496,374 shares in the company, valued at $108,725,760.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William G. Lennie sold 9,200 shares of Home Depot stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the transaction, the executive vice president now owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,508 shares of company stock worth $39,076,428. Insiders own 0.27% of the company’s stock.

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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