Home Depot sets $15 billion share buyback

SEC FORM 4 - SEC.gov

Finally, Empire Life Investments Inc. raised its holdings in shares of Home Depot by 233.4% during the third quarter. (NYSE:HD) for 10,941 shares. Hemenway Tru Lc has 2% invested in The Home Depot, Inc.

More notable recent The Home Depot, Inc. It increased, as 38 investors sold The Home Depot, Inc. shares while 632 reduced holdings.

Home Depot vowed to spend more on its supply chain and customer experience, aiming to adapt to the upheaval rocking the retail industry. State Street Corp now owns 55,747,883 shares of the home improvement retailer's stock valued at $8,185,463,000 after acquiring an additional 396,271 shares during the last quarter. Paragon Wealth Strategies LLC grew its position in Home Depot by 0.4% during the 2nd quarter.

Home Depot's Chief Financial Officer Carol Tomé told analysts that the company expects the USA expansion to last a good while longer since so far, gross domestic product growth has been below that of other recoveries. Jennison Associates LLC increased its stake in Home Depot by 14.4% in the second quarter. C M Bidwell Assoc accumulated 31,026 shares or 1.02% of the stock. Legal & General Group Plc increased its stake in Home Depot by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,839,272 shares of the home improvement retailer's stock valued at $895,745,000 after purchasing an additional 107,466 shares during the period.

In related news, EVP Matt Carey sold 32,000 shares of the business's stock in a transaction on Thursday, September 7th. Overall, the share price is up 36.37% so far this year. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer's stock valued at $111,000 after buying an additional 3 shares during the period. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company's stock. The stock decreased 0.71% or $1.29 during the last trading session, reaching $181.56. (NYSE:HD) has "Buy" rating given on Wednesday, September 13 by Jefferies. The firm has a market cap of $215,916.78, a P/E ratio of 25.68, a P/E/G ratio of 1.87 and a beta of 1.11.

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Home Depot ( HD ) approved a $15 billion share buyback and set a new long-term sales target Wednesday, following similar repurchase moves from Bank of America ( BAC ) and Mastercard ( MA ).

As customers' home values were underwater, they pulled back on home improvements, sending Home Depot's sales plunging. The company's revenue for the quarter was up 4.9% on a year-over-year basis.

A number of analysts offered their Estimated Earnings analysis for The Home Depot, Inc. (NYSE:HD) were released by: Nasdaq.com and their article: "Home Depot announces $15 bln buyback program" published on December 06, 2017 as well as Cnbc.com's news article titled: "Home Depot and these other Dow stocks are the best bets for December, history ..." with publication date: December 04, 2017.

Investors sentiment increased to 0.95 in Q2 2017. This represents a $3.56 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, May 30th. Home Depot's payout ratio is 49.44%. Given that liquidity is king in short-term, HD is a stock with 1.17 billion shares outstanding that normally trades 1.03% of its float. Deutsche Bank upgraded the stock to "Buy" rating in Monday, January 25 report. $164.29's average target is -9.13% below currents $180.8 stock price. (NYSE:CTL) valuations. The stock trades on a P/S of 0.95, which suggests that the shares are attractive compared with peers.

The average Wall Street analyst rating for The Home Depot, Inc.is Strong Buy, according to the average of 22 analyst scores. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.89 per share. (HD)-16 analysts issued Buy for the stock, 9 analysts gave Outperform rating, 9 think it's a Hold, 0 issued Underperform, while 0 analyst gave a Sell rating. Moreover, Wealth Planning Limited Liability has 4.34% invested in The Home Depot, Inc. "(The) (NYSE:HD)" was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright legislation. Cowen & Co maintained Visa Inc.

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