Home Depot Inc (NYSE:HD) Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its stake in shares of Home Depot Inc (NYSE:HD) by 110.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,600 shares of the home improvement retailer’s stock after buying an additional 6,100 shares during the quarter. Alberta Investment Management Corp’s holdings in Home Depot were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Orser Capital Management LLC grew its position in Home Depot by 1.4% during the fourth quarter. Orser Capital Management LLC now owns 8,227 shares of the home improvement retailer’s stock worth $1,788,000 after buying an additional 114 shares during the period. Exchange Traded Concepts LLC acquired a new position in Home Depot during the fourth quarter worth about $202,000. Exane Derivatives lifted its holdings in shares of Home Depot by 34.3% in the fourth quarter. Exane Derivatives now owns 1,038 shares of the home improvement retailer’s stock valued at $233,000 after purchasing an additional 265 shares in the last quarter. TLW Wealth Management LLC lifted its holdings in shares of Home Depot by 74.9% in the fourth quarter. TLW Wealth Management LLC now owns 15,317 shares of the home improvement retailer’s stock valued at $3,345,000 after purchasing an additional 6,560 shares in the last quarter. Finally, Merriman Wealth Management LLC lifted its holdings in shares of Home Depot by 6.2% in the fourth quarter. Merriman Wealth Management LLC now owns 1,853 shares of the home improvement retailer’s stock valued at $405,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 69.75% of the company’s stock.

Several analysts have issued reports on HD shares. Nomura Instinet upped their price target on shares of Home Depot from $240.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday. Loop Capital upped their price target on shares of Home Depot from $235.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday. Credit Suisse Group upped their price target on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group upped their price target on shares of Home Depot from $250.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price target on shares of Home Depot from $228.00 to $269.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $251.03.

In other news, EVP William G. Lennie sold 9,848 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $234.34, for a total value of $2,307,780.32. Following the completion of the sale, the executive vice president now owns 37,995 shares of the company’s stock, valued at $8,903,748.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William G. Lennie sold 17,993 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the sale, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

NYSE:HD opened at $241.88 on Friday. The company has a market cap of $258.73 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.22 and a beta of 1.03. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $248.32. The firm’s 50 day moving average is $213.77 and its two-hundred day moving average is $219.47.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The business had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. During the same period in the previous year, the company earned $2.27 EPS. Home Depot’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts anticipate that Home Depot Inc will post 9.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Wednesday, June 3rd. Home Depot’s payout ratio is currently 58.54%.

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 d├ęcor 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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