Wedbush Securities Inc. Has $6.39 Million Stake in Home Depot Inc (HD)

Wedbush Securities Inc. lifted its position in Home Depot Inc (NYSE:HD) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,828 shares of the home improvement retailer’s stock after purchasing an additional 758 shares during the quarter. Home Depot accounts for approximately 0.7% of Wedbush Securities Inc.’s holdings, making the stock its 20th biggest holding. Wedbush Securities Inc.’s holdings in Home Depot were worth $6,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Assetmark Inc. grew its holdings in Home Depot by 0.5% during the 3rd quarter. Assetmark Inc. now owns 232,662 shares of the home improvement retailer’s stock worth $48,196,000 after acquiring an additional 1,237 shares during the last quarter. Accident Compensation Corp bought a new stake in Home Depot during the 3rd quarter worth about $207,000. Highbridge Capital Management LLC grew its holdings in Home Depot by 5,744.4% during the 3rd quarter. Highbridge Capital Management LLC now owns 28,222 shares of the home improvement retailer’s stock worth $5,846,000 after acquiring an additional 28,722 shares during the last quarter. Wealthsource Partners LLC grew its holdings in Home Depot by 6.6% during the 3rd quarter. Wealthsource Partners LLC now owns 4,653 shares of the home improvement retailer’s stock worth $964,000 after acquiring an additional 287 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Home Depot by 282.2% in the 3rd quarter. Renaissance Technologies LLC now owns 1,281,506 shares of the home improvement retailer’s stock valued at $265,464,000 after purchasing an additional 946,206 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:HD opened at $192.39 on Tuesday. The company has a market capitalization of $217.31 billion, a P/E ratio of 25.79, a PEG ratio of 1.43 and a beta of 1.10. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $215.43.

Several brokerages have recently issued reports on HD. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Bank of America set a $195.00 target price on shares of Home Depot and gave the company a “hold” rating in a research note on Monday, December 10th. Credit Suisse Group reduced their target price on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a research note on Thursday, November 15th. Finally, Deutsche Bank reduced their target price on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Home Depot currently has an average rating of “Buy” and an average target price of $204.60.

In other Home Depot news, EVP Ann Marie Campbell sold 13,457 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the sale, the executive vice president now directly owns 56,198 shares in the company, valued at approximately $9,702,022.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 7,203 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $177.45, for a total transaction of $1,278,172.35. Following the sale, the executive vice president now owns 23,109 shares in the company, valued at $4,100,692.05. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

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

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