Absher Wealth Management LLC acquired a new stake in shares of Home Depot Inc (NYSE:HD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,104 shares of the home improvement retailer’s stock, valued at approximately $492,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Ballentine Partners LLC grew its stake in Home Depot by 0.4% during the fourth quarter. Ballentine Partners LLC now owns 10,941 shares of the home improvement retailer’s stock worth $2,389,000 after buying an additional 45 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Home Depot by 2.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,310 shares of the home improvement retailer’s stock worth $505,000 after acquiring an additional 45 shares during the last quarter. California Capital Advisors Inc. grew its position in Home Depot by 0.3% during the 4th quarter. California Capital Advisors Inc. now owns 18,315 shares of the home improvement retailer’s stock worth $4,000,000 after acquiring an additional 46 shares during the last quarter. Smith Salley & Associates increased its holdings in Home Depot by 2.8% during the 3rd quarter. Smith Salley & Associates now owns 1,717 shares of the home improvement retailer’s stock valued at $398,000 after purchasing an additional 47 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in Home Depot by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 2,814 shares of the home improvement retailer’s stock valued at $653,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 69.68% of the company’s stock.
Shares of NYSE:HD opened at $245.34 on Friday. The stock has a market capitalization of $269.46 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.10 and a beta of 1.01. Home Depot Inc has a 1-year low of $179.52 and a 1-year high of $247.36. The business has a 50-day moving average price of $232.20 and a two-hundred day moving average price of $226.30.
A number of research firms have commented on HD. Royal Bank of Canada reduced their price objective on Home Depot from $246.00 to $232.00 and set an “outperform” rating on the stock in a research note on Thursday, December 12th. Wedbush lowered their target price on Home Depot from $230.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Goldman Sachs Group lifted their price target on Home Depot to $246.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. They noted that the move was a valuation call. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating and set a $232.00 price target for the company in a report on Monday, December 23rd. Finally, Morgan Stanley upped their price target on shares of Home Depot from $245.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $239.42.
About Home Depot
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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