Cigna Investments Inc. New Has $5.96 Million Stake in Home Depot Inc (NYSE:HD)

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Cigna Investments Inc. New grew its stake in Home Depot Inc (NYSE:HD) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,902 shares of the home improvement retailer’s stock after purchasing an additional 1,822 shares during the period. Home Depot comprises about 0.8% of Cigna Investments Inc. New’s investment portfolio, making the stock its 21st biggest position. Cigna Investments Inc. New’s holdings in Home Depot were worth $5,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its position in shares of Home Depot by 108.9% during the 1st quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 8,267 shares of the home improvement retailer’s stock valued at $1,544,000 after acquiring an additional 4,310 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Home Depot by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 21,402 shares of the home improvement retailer’s stock valued at $3,996,000 after acquiring an additional 240 shares in the last quarter. MainStreet Investment Advisors LLC boosted its position in shares of Home Depot by 11.1% during the 1st quarter. MainStreet Investment Advisors LLC now owns 66,419 shares of the home improvement retailer’s stock valued at $12,401,000 after acquiring an additional 6,644 shares in the last quarter. Heritage Trust Co boosted its position in shares of Home Depot by 2.6% during the 1st quarter. Heritage Trust Co now owns 36,074 shares of the home improvement retailer’s stock valued at $6,736,000 after acquiring an additional 926 shares in the last quarter. Finally, Argent Trust Co boosted its position in shares of Home Depot by 7.6% during the 1st quarter. Argent Trust Co now owns 68,711 shares of the home improvement retailer’s stock valued at $12,829,000 after acquiring an additional 4,854 shares in the last quarter. Institutional investors own 69.75% of the company’s stock.

Several brokerages have recently weighed in on HD. Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating and set a $231.00 target price on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $241.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Loop Capital lifted their price target on shares of Home Depot from $235.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday. Gordon Haskett downgraded shares of Home Depot from an “accumulate” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, SunTrust Banks cut their price target on shares of Home Depot from $240.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $251.03.

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

Shares of HD traded up $1.00 on Friday, reaching $241.88. 3,041,253 shares of the company’s stock were exchanged, compared to its average volume of 5,876,560. The stock has a market capitalization of $258.73 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The business has a 50 day moving average price of $213.77 and a two-hundred day moving average price of $219.47. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $248.32.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). The business had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. As a group, equities analysts forecast that Home Depot Inc will post 9.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Wednesday, June 3rd. Home Depot’s dividend payout ratio is currently 58.54%.

Home Depot Company 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.

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

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