Home Depot Inc (NYSE:HD) is Greenwood Capital Associates LLC’s 3rd Largest Position

Greenwood Capital Associates LLC increased its holdings in Home Depot Inc (NYSE:HD) by 14.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 57,191 shares of the home improvement retailer’s stock after acquiring an additional 7,372 shares during the period. Home Depot makes up about 3.1% of Greenwood Capital Associates LLC’s holdings, making the stock its 3rd largest holding. Greenwood Capital Associates LLC’s holdings in Home Depot were worth $10,678,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Home Depot by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 16,765,579 shares of the home improvement retailer’s stock worth $3,655,255,000 after buying an additional 586,305 shares during the period. Norges Bank purchased a new position in shares of Home Depot during the fourth quarter worth $2,558,090,000. Bank of New York Mellon Corp boosted its position in shares of Home Depot by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 10,051,038 shares of the home improvement retailer’s stock worth $1,876,628,000 after buying an additional 303,357 shares during the period. Alliancebernstein L.P. boosted its position in shares of Home Depot by 2.1% during the fourth quarter. Alliancebernstein L.P. now owns 8,914,267 shares of the home improvement retailer’s stock worth $1,946,698,000 after buying an additional 179,597 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,569,932 shares of the home improvement retailer’s stock worth $1,653,122,000 after buying an additional 399,725 shares during the period. Institutional investors own 69.67% of the company’s stock.

Shares of NYSE:HD traded up $1.38 during trading on Thursday, hitting $248.74. 415,838 shares of the stock were exchanged, compared to its average volume of 5,476,423. The company has a fifty day moving average price of $220.05 and a two-hundred day moving average price of $219.64. The company has a market cap of $260.45 billion, a PE ratio of 25.00, a P/E/G ratio of 2.24 and a beta of 1.03. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $248.32.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). The firm had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. Home Depot’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.27 EPS. As a group, research analysts predict that Home Depot Inc will post 9.77 EPS for the current year.

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

In related news, EVP William G. Lennie sold 9,848 shares of Home Depot stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the completion of the transaction, the executive vice president now directly owns 37,995 shares in the company, valued at approximately $8,903,748.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William G. Lennie sold 17,993 shares of Home Depot stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the transaction, the executive vice president now owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

HD has been the subject of a number of recent research reports. Telsey Advisory Group lifted their target price on Home Depot from $220.00 to $250.00 and gave the company a “market perform” rating in a report on Wednesday, May 20th. CSFB lifted their target price on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Stifel Nicolaus raised their price target on Home Depot from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Credit Suisse Group raised their price target on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. raised their price target on Home Depot from $241.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $251.03.

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.

Further Reading: Gap Down Stocks

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.