Blue Edge Capital LLC raised its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,874 shares of the home improvement retailer’s stock after purchasing an additional 821 shares during the quarter. Home Depot accounts for approximately 1.0% of Blue Edge Capital LLC’s investment portfolio, making the stock its 26th largest holding. Blue Edge Capital LLC’s holdings in Home Depot were worth $2,128,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new stake in shares of Home Depot during the first quarter worth $100,000. Jacobi Capital Management LLC increased its stake in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the period. Glassman Wealth Services increased its stake in shares of Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares during the period. St. Johns Investment Management Company LLC increased its stake in shares of Home Depot by 81.8% during the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after buying an additional 495 shares during the period. Finally, Mascoma Wealth Management LLC increased its stake in shares of Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 70.37% of the company’s stock.
In other news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.
Shares of Home Depot, Inc. (HD) traded down $1.16 during mid-day trading on Tuesday, hitting $182.25. The stock had a trading volume of 6,038,800 shares, compared to its average volume of 4,472,654. Home Depot, Inc. has a 1-year low of $133.05 and a 1-year high of $186.31. The stock has a market capitalization of $214,176.86, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.86 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. equities analysts expect that Home Depot, Inc. will post 7.37 earnings per share for the current year.
Home Depot announced that its Board of Directors has authorized a share buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.95%. Home Depot’s payout ratio is 49.44%.
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Home Depot Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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