Jacobs & Co. CA Has $15.73 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Jacobs & Co. CA decreased its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,680 shares of the home improvement retailer’s stock after selling 188 shares during the period. Home Depot comprises approximately 1.6% of Jacobs & Co. CA’s holdings, making the stock its 14th largest holding. Jacobs & Co. CA’s holdings in Home Depot were worth $15,725,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Bare Financial Services Inc acquired a new stake in Home Depot during the 4th quarter worth $26,000. Frank Rimerman Advisors LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $27,000. Keener Financial Planning LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $31,000. Burkett Financial Services LLC bought a new stake in Home Depot during the fourth quarter worth $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot during the first quarter worth $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock traded up $0.30 during trading hours on Friday, reaching $348.64. 2,314,771 shares of the stock were exchanged, compared to its average volume of 3,403,096. The firm’s 50 day moving average is $348.16 and its 200 day moving average is $353.18. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock has a market cap of $345.72 billion, a P/E ratio of 23.38, a P/E/G ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the prior year, the company earned $3.82 EPS. The firm’s revenue was down 2.3% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.58%. Home Depot’s dividend payout ratio is currently 60.36%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HD. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Jefferies Financial Group assumed coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. Wedbush reaffirmed an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Citigroup decreased their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, Wells Fargo & Company decreased their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $384.00.

Insider Activity

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Profile

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.