Moisand Fitzgerald Tamayo LLC Sells 299 Shares of Home Depot Inc (HD)

Moisand Fitzgerald Tamayo LLC lowered its position in Home Depot Inc (NYSE:HD) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,497 shares of the home improvement retailer’s stock after selling 299 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Home Depot were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pinnacle Financial Partners Inc. lifted its holdings in Home Depot by 13.5% in the third quarter. Pinnacle Financial Partners Inc. now owns 21,114 shares of the home improvement retailer’s stock valued at $4,374,000 after acquiring an additional 2,504 shares during the period. Parsons Capital Management Inc. RI lifted its holdings in Home Depot by 1.9% in the second quarter. Parsons Capital Management Inc. RI now owns 49,045 shares of the home improvement retailer’s stock valued at $9,569,000 after acquiring an additional 938 shares during the period. Physicians Financial Services Inc. lifted its holdings in Home Depot by 3.3% in the second quarter. Physicians Financial Services Inc. now owns 8,676 shares of the home improvement retailer’s stock valued at $1,693,000 after acquiring an additional 280 shares during the period. Sanders Morris Harris LLC lifted its holdings in Home Depot by 5.6% in the third quarter. Sanders Morris Harris LLC now owns 5,619 shares of the home improvement retailer’s stock valued at $1,164,000 after acquiring an additional 300 shares during the period. Finally, Private Wealth Partners LLC lifted its holdings in Home Depot by 2.1% in the third quarter. Private Wealth Partners LLC now owns 39,983 shares of the home improvement retailer’s stock valued at $8,282,000 after acquiring an additional 838 shares during the period. Hedge funds and other institutional investors own 69.75% of the company’s stock.

NYSE HD opened at $186.39 on Wednesday. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market capitalization of $209.97 billion, a P/E ratio of 24.99, a PEG ratio of 1.40 and a beta of 1.10.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The firm had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. During the same period in the prior year, the company earned $1.84 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Home Depot Inc will post 9.8 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Citigroup reduced their target price on Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. UBS Group reduced their target price on Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Deutsche Bank reduced their target price on Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Monday, December 31st. Finally, Credit Suisse Group set a $204.00 target price on Home Depot and gave the stock a “hold” rating in a research note on Tuesday, November 13th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $204.60.

In related news, Director Wayne M. Hewett bought 250 shares of the company’s stock in a transaction on Wednesday, November 21st. The stock was bought at an average cost of $169.62 per share, for a total transaction of $42,405.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at $508,860. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 13,457 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total value of $2,323,216.48. Following the completion of the sale, the executive vice president now owns 56,198 shares of the company’s stock, valued at $9,702,022.72. The disclosure for this sale can be found here. Over the last three months, insiders purchased 13,750 shares of company stock valued at $2,401,470 and sold 137,987 shares valued at $24,769,526. 0.25% of the stock is currently owned by corporate insiders.

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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 décor 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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