Bull Street Advisors LLC Sells 312 Shares of The Home Depot, Inc. (NYSE:HD)

Bull Street Advisors LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,457 shares of the home improvement retailer’s stock after selling 312 shares during the period. Home Depot makes up 3.3% of Bull Street Advisors LLC’s investment portfolio, making the stock its 8th largest position. Bull Street Advisors LLC’s holdings in Home Depot were worth $6,791,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. ABC Arbitrage SA acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $785,000. Quadrant Private Wealth Management LLC lifted its position in Home Depot by 0.9% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 4,603 shares of the home improvement retailer’s stock valued at $1,791,000 after buying an additional 43 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock valued at $4,747,000 after buying an additional 565 shares in the last quarter. Campbell Wealth Management lifted its position in Home Depot by 112.5% during the fourth quarter. Campbell Wealth Management now owns 2,051 shares of the home improvement retailer’s stock valued at $798,000 after buying an additional 1,086 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in Home Depot during the fourth quarter valued at approximately $686,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.7 %

Shares of NYSE:HD opened at $409.47 on Friday. The stock has a market capitalization of $406.75 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company’s fifty day moving average is $404.49 and its two-hundred day moving average is $395.91. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HD shares. TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

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.