Absher Wealth Management LLC Takes Position in Home Depot Inc (NYSE:HD)

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.

In other news, CEO Craig A. Menear sold 113,468 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the transaction, the chief executive officer now owns 277,604 shares of the company’s stock, valued at approximately $58,641,068.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the transaction, the executive vice president now directly owns 26,335 shares in the company, valued at approximately $5,627,789.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,552 shares of company stock worth $26,765,281. Corporate insiders own 0.27% of the company’s stock.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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