CG Asset Management LLC Has $11,135,000 Stake in Home Depot Inc. (HD)

CG Asset Management LLC Has $11,135,000 Stake in Home Depot Inc. (HD)

CG Asset Management LLC boosted its stake in The Home Depot Inc. (NYSE:HD) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 86,531 shares of the home improvement retailer’s stock after buying an additional 274 shares during the period. The Home Depot accounts for 4.2% of CG Asset Management LLC’s portfolio, making the stock its 3rd largest position. CG Asset Management LLC’s holdings in The Home Depot were worth $11,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HD. Brookfield Asset Management Inc. raised its position in shares of The Home Depot by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock valued at $104,000 after buying an additional 113 shares during the period. Valley National Advisers Inc. raised its position in shares of The Home Depot by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 128 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of The Home Depot by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 239 shares during the period. Invictus RG raised its position in shares of The Home Depot by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock valued at $121,000 after buying an additional 645 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. raised its position in shares of The Home Depot by 247.0% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 968 shares of the home improvement retailer’s stock valued at $124,000 after buying an additional 689 shares during the period. Hedge funds and other institutional investors own 70.17% of the company’s stock.

Shares of The Home Depot Inc. (NYSE:HD) traded up 0.10% during midday trading on Tuesday, hitting $135.19. 1,710,231 shares of the company’s stock traded hands. The company has a 50 day moving average of $130.69 and a 200 day moving average of $130.54. The stock has a market cap of $164.68 billion, a P/E ratio of 21.95 and a beta of 1.09. The Home Depot Inc. has a 52 week low of $109.62 and a 52 week high of $139.00.

The Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The company earned $23.20 billion during the quarter, compared to analysts’ expectations of $23.05 billion. The Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 EPS. On average, equities analysts forecast that The Home Depot Inc. will post $6.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Tuesday, November 29th. The Home Depot’s dividend payout ratio (DPR) is currently 44.66%.

Several research analysts have weighed in on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $140.00 target price on shares of The Home Depot in a research note on Thursday, December 22nd. Vetr lowered shares of The Home Depot from a “sell” rating to a “strong sell” rating and set a $119.51 target price for the company. in a research note on Thursday, December 22nd. Wedbush reissued a “neutral” rating and issued a $145.00 price objective on shares of The Home Depot in a research note on Friday, December 16th. Jefferies Group reissued a “buy” rating and issued a $149.00 price objective (down previously from $158.00) on shares of The Home Depot in a research note on Sunday, December 4th. Finally, Zacks Investment Research raised shares of The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research note on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $144.22.

In related news, EVP Mark Holifield sold 15,606 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $128.39, for a total transaction of $2,003,654.34. Following the transaction, the executive vice president now directly owns 39,499 shares in the company, valued at $5,071,276.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward P. Decker sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $130.80, for a total value of $2,616,000.00. Following the transaction, the executive vice president now owns 63,878 shares in the company, valued at $8,355,242.40. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

The Home Depot 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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