Teamwork Financial Advisors LLC Sells 772 Shares of Home Depot Inc (NYSE:HD)

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Teamwork Financial Advisors LLC reduced its stake in Home Depot Inc (NYSE:HD) by 27.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,004 shares of the home improvement retailer’s stock after selling 772 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Home Depot were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. Vanguard Group Inc. lifted its position in Home Depot by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 91,547,627 shares of the home improvement retailer’s stock valued at $22,933,597,000 after acquiring an additional 5,714,595 shares in the last quarter. Capital Research Global Investors lifted its position in 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 acquiring an additional 4,690,072 shares in the last quarter. Advisor Group Holdings Inc. bought a new stake in Home Depot in the 1st quarter valued at $77,291,000. Nordea Investment Management AB lifted its position in Home Depot by 99.8% in the 2nd quarter. Nordea Investment Management AB now owns 3,158,138 shares of the home improvement retailer’s stock valued at $780,250,000 after acquiring an additional 1,577,704 shares in the last quarter. Finally, Winslow Capital Management LLC lifted its position in Home Depot by 86.0% in the 2nd quarter. Winslow Capital Management LLC now owns 1,514,684 shares of the home improvement retailer’s stock valued at $379,444,000 after acquiring an additional 700,351 shares in the last quarter. 69.00% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on HD. Wedbush lifted their price target on shares of Home Depot from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Truist Financial lifted their price target on shares of Home Depot from $240.00 to $300.00 in a research note on Wednesday, August 12th. Bank of America upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their price target for the company from $290.00 to $330.00 in a research note on Wednesday, August 19th. Wells Fargo & Company lifted their price target on shares of Home Depot from $295.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. They noted that the move was a valuation call. Finally, Goldman Sachs Group lifted their price target on shares of Home Depot from $265.00 to $301.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $288.79.

NYSE HD traded up $0.12 during trading on Friday, reaching $287.66. The company’s stock had a trading volume of 3,109,401 shares, compared to its average volume of 4,963,838. The firm has a market capitalization of $309.65 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $292.95. The firm has a 50 day moving average price of $278.34 and a 200 day moving average price of $251.27.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm had revenue of $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. During the same quarter in the previous year, the firm posted $3.17 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, research analysts anticipate that Home Depot Inc will post 11.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Wednesday, September 2nd. Home Depot’s dividend payout ratio (DPR) is presently 58.54%.

In other news, EVP Teresa Wynn Roseborough sold 41,947 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $279.83, for a total transaction of $11,738,029.01. Also, EVP Matt Carey sold 50,478 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the sale, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,304 shares of company stock valued at $32,088,591. 0.26% of the stock is currently owned by insiders.

Home Depot Company 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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