Iberiabank Corp lowered its holdings in Home Depot Inc (NYSE:HD) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,278 shares of the home improvement retailer’s stock after selling 3,619 shares during the period. Home Depot comprises about 1.4% of Iberiabank Corp’s portfolio, making the stock its 16th largest holding. Iberiabank Corp’s holdings in Home Depot were worth $11,593,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Capital Research Global Investors boosted its holdings in shares of Home Depot by 28.6% in the 1st quarter. Capital Research Global Investors now owns 21,071,595 shares of the home improvement retailer’s stock valued at $3,934,286,000 after buying an additional 4,690,072 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in Home Depot during the first quarter worth $77,291,000. Wellington Management Group LLP raised its position in Home Depot by 18.8% during the first quarter. Wellington Management Group LLP now owns 22,254,517 shares of the home improvement retailer’s stock worth $4,155,141,000 after acquiring an additional 3,515,402 shares in the last quarter. Jennison Associates LLC lifted its stake in Home Depot by 27.3% in the first quarter. Jennison Associates LLC now owns 5,304,289 shares of the home improvement retailer’s stock valued at $990,364,000 after acquiring an additional 1,138,587 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Home Depot by 21.4% in the 1st quarter. Swiss National Bank now owns 4,387,264 shares of the home improvement retailer’s stock valued at $819,146,000 after acquiring an additional 774,600 shares during the period. Hedge funds and other institutional investors own 69.65% of the company’s stock.
HD opened at $265.49 on Friday. The stock has a market capitalization of $286.42 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $269.07. The company has a 50-day simple moving average of $252.21 and a 200 day simple moving average of $229.53.
Several equities research analysts recently issued reports on the stock. Gordon Haskett downgraded shares of Home Depot from an “accumulate” rating to a “hold” rating in a research note on Wednesday, April 22nd. Nomura raised their price objective on Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Wedbush boosted their target price on Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Bank of America raised their price target on Home Depot from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Finally, UBS Group lifted their price objective on shares of Home Depot from $265.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $256.30.
In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the sale, the executive vice president now owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate 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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