Busey Trust CO Sells 107 Shares of Home Depot, Inc. (The) (NYSE:HD)

Busey Trust CO cut its stake in Home Depot, Inc. (The) (NYSE:HD) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 9,874 shares of the home improvement retailer’s stock after selling 107 shares during the period. Busey Trust CO’s holdings in Home Depot, Inc. (The) were worth $1,450,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HD. Xact Kapitalforvaltning AB boosted its stake in Home Depot, Inc. (The) by 3.3% in the first quarter. Xact Kapitalforvaltning AB now owns 207,019 shares of the home improvement retailer’s stock valued at $30,397,000 after buying an additional 6,536 shares in the last quarter. Trust Co. of Vermont boosted its stake in Home Depot, Inc. (The) by 3.5% in the first quarter. Trust Co. of Vermont now owns 51,653 shares of the home improvement retailer’s stock valued at $7,585,000 after buying an additional 1,753 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Home Depot, Inc. (The) by 2.8% in the first quarter. Checchi Capital Advisers LLC now owns 21,721 shares of the home improvement retailer’s stock valued at $3,189,000 after buying an additional 582 shares in the last quarter. HPM Partners LLC purchased a new stake in Home Depot, Inc. (The) during the first quarter valued at about $8,541,000. Finally, Boston Partners purchased a new stake in Home Depot, Inc. (The) during the first quarter valued at about $326,895,000. Institutional investors and hedge funds own 71.27% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) opened at 147.49 on Friday. The company has a market cap of $174.48 billion, a price-to-earnings ratio of 21.23 and a beta of 1.08. The stock’s 50 day moving average is $151.15 and its 200-day moving average is $150.06. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.97 earnings per share. On average, equities analysts anticipate that Home Depot, Inc. will post $7.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is presently 51.15%.

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Several research firms have issued reports on HD. UBS AG reiterated a “buy” rating and issued a $175.00 target price on shares of Home Depot, Inc. (The) in a research note on Friday. Stifel Nicolaus restated a “buy” rating and set a $178.00 price objective on shares of Home Depot, Inc. (The) in a research report on Wednesday. Bank of America Corporation set a $180.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday. Barclays PLC set a $165.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday. Finally, Wedbush restated a “market perform” rating on shares of Home Depot, Inc. (The) in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $169.81.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the transaction, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) Company 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.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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