ZWJ Investment Counsel Inc. Purchases 684 Shares of Home Depot Inc (HD)

ZWJ Investment Counsel Inc. raised its position in Home Depot Inc (NYSE:HD) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,747 shares of the home improvement retailer’s stock after purchasing an additional 684 shares during the quarter. ZWJ Investment Counsel Inc. owned approximately 3,032.44% of Home Depot worth $5,847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jacobi Capital Management LLC boosted its stake in shares of Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after acquiring an additional 101 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after acquiring an additional 340 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Home Depot by 38.3% during the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after acquiring an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC boosted its stake in shares of Home Depot by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after acquiring an additional 495 shares in the last quarter. Finally, Mascoma Wealth Management LLC boosted its stake in shares of Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after acquiring an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 70.18% of the company’s stock.

Several equities analysts recently weighed in on the company. Credit Suisse Group reissued a “hold” rating on shares of Home Depot in a research report on Tuesday, December 12th. Deutsche Bank boosted their price objective on Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. SunTrust Banks boosted their price objective on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Citigroup reissued a “buy” rating and set a $213.00 price objective on shares of Home Depot in a research report on Thursday, December 7th. Finally, Bank of America boosted their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Home Depot presently has a consensus rating of “Buy” and an average price target of $184.39.

In related news, EVP Matt Carey sold 41,396 shares of the stock in a transaction that occurred on 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 directly owns 29,559 shares in the company, valued at approximately $5,410,183.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Shares of Home Depot Inc (HD) opened at $198.33 on Friday. Home Depot Inc has a 12 month low of $134.60 and a 12 month high of $200.24. The firm has a market capitalization of $231,600.00, a P/E ratio of 27.51, a PEG ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the 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 company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same period in the prior year, the company posted $1.60 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. sell-side analysts predict that Home Depot Inc will post 7.39 earnings per share for the current year.

Home Depot announced that its board has approved 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 repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Week Herald and is owned by of Week Herald. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://weekherald.com/2018/01/19/zwj-investment-counsel-inc-purchases-684-shares-of-home-depot-inc-hd.html.

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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply