Consolidated Capital Management LLC Has $4.34 Million Position in Home Depot Inc (NYSE:HD)

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Consolidated Capital Management LLC reduced its stake in shares of Home Depot Inc (NYSE:HD) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,320 shares of the home improvement retailer’s stock after selling 117 shares during the quarter. Home Depot makes up approximately 2.6% of Consolidated Capital Management LLC’s portfolio, making the stock its 16th largest position. Consolidated Capital Management LLC’s holdings in Home Depot were worth $4,339,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HD. Norges Bank acquired a new stake in Home Depot in the fourth quarter valued at about $2,558,090,000. Capital Research Global Investors boosted its stake in Home Depot by 28.6% in the first 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 in the last quarter. Advisor Group Holdings Inc. acquired a new stake in Home Depot in the first quarter valued at about $77,291,000. Wellington Management Group LLP boosted its stake in Home Depot by 18.8% in the first quarter. Wellington Management Group LLP now owns 22,254,517 shares of the home improvement retailer’s stock valued at $4,155,141,000 after buying an additional 3,515,402 shares in the last quarter. Finally, Jennison Associates LLC boosted 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 buying an additional 1,138,587 shares in the last quarter. Institutional investors and hedge funds own 69.85% of the company’s stock.

Shares of NYSE HD traded down $0.24 during midday trading on Thursday, hitting $248.93. 516,217 shares of the stock traded hands, compared to its average volume of 4,273,412. The business has a 50 day moving average price of $246.91 and a two-hundred day moving average price of $225.04. Home Depot Inc has a one year low of $140.63 and a one year high of $259.29. The company has a market cap of $266.03 billion, a PE ratio of 24.79, a P/E/G ratio of 2.21 and a beta of 1.06.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. During the same quarter last year, the company posted $2.27 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts predict that Home Depot Inc will post 9.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a yield of 2.41%. Home Depot’s dividend payout ratio (DPR) is currently 58.54%.

In related news, EVP William G. Lennie sold 17,993 shares of the company’s 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 owns 54,405 shares in the company, valued at $12,840,668.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

HD has been the topic of a number of recent research reports. Raymond James lifted their price target on Home Depot from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. SunTrust Banks cut their price target on Home Depot from $240.00 to $220.00 and set a “hold” rating on the stock in a research note on Thursday, April 16th. Wedbush lifted their price target on Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, May 20th. Nomura Securities lifted their price target on Home Depot from $204.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Finally, Nomura Instinet lifted their price target on Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Home Depot presently has an average rating of “Buy” and an average price target of $254.83.

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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