The Home Depot, Inc. (NYSE:HD) Shares Bought by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,942 shares of the home improvement retailer’s stock after buying an additional 591 shares during the period. Home Depot makes up about 1.6% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 21st largest holding. Community Bank & Trust Waco Texas’ holdings in Home Depot were worth $6,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital Research Global Investors raised its position in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after buying an additional 992,444 shares in the last quarter. Norges Bank bought a new stake in Home Depot during the fourth quarter worth approximately $4,311,070,000. Fisher Asset Management LLC boosted its stake in Home Depot by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock valued at $3,046,485,000 after purchasing an additional 184,480 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Home Depot by 13.1% in the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after buying an additional 569,690 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.2 %

Shares of HD traded up $0.75 during midday trading on Wednesday, reaching $365.49. 698,811 shares of the stock were exchanged, compared to its average volume of 3,402,707. The company has a market cap of $362.43 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 2.55 and a beta of 0.98. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The firm has a 50 day simple moving average of $356.09 and a 200-day simple moving average of $353.98.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $4.65 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HD shares. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. DA Davidson raised their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.