Home Depot Readies $15B Share Buyback

Bloomberg

Kellogg Company manufactures and markets ready-to-eat cereal and convenience foods in the United States and internationally. (NYSE:HD) looks unattractive. Its stock trades at 2.18 times the company's sales over the past 12 months. 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. The year's top-performing sector was still down almost 4 percent over the past week, with shareholders shifting money to banks, retailers and other stocks seen as likely to benefit the most from tax cuts promised by U.S. President Donald Trump. Conclusions from the analysis of the editorial shall not depict the position of any analysts or financial professionals. (NYSE:HD). Money Management Limited Liability Corporation invested in 4,281 shares or 0.47% of the stock. Vetr downgraded it to "Buy" rating and $121.59 target in Saturday, August 29 report.

The Company reaffirmed its sales and diluted earnings-per-share guidance for fiscal 2017.

Shares of ANZ were down 0.84 percent, Commonwealth Bank declined 0.51 percent, Westpac fell by 1.3 percent and the National Australia Bank was lower by 0.47 percent. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer's stock worth $280,000 after purchasing an additional 7 shares in the last quarter.

In other news, CEO Craig A. Menear sold 90,661 shares of the business's stock in a transaction on Wednesday, May 17th. Kellogg Company (K) has declined 5.60% since December 6, 2016 and is downtrending. Jarislowsky Fraser holds 154,686 shares or 0.15% of its portfolio. Moore Cap Mgmt Lp owns 50,000 shares for 0.24% of their portfolio. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer's stock worth $400,000 after purchasing an additional 9 shares in the last quarter. The New York-based Global Thematic Partners Llc has invested 2.78% in the stock.

IBD'S TAKE: With thousands of publicly traded companies to choose from, how can you quickly find the best stocks to buy right now? Jackson Grant Investment Advisers Inc. increased its position in shares of Home Depot by 0.4% during the first quarter. Its up 0.12, from 0.83 in 2017Q1.

The most recent non open market insider trade was completed by CAMPBELL ANN MARIE on 09/24/2017, and was a disposition of 671 shares with a final price of $159.97. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. Telos Mngmt holds 0.16% in The Home Depot, Inc. (NYSE:HD) showed a growth of 20.99 Percent per annum. Lowe Brockenbrough & Communications reported 37,304 shares or 0.9% of all its holdings. Thomas White Limited holds 0.29% or 11,004 shares. Arrowstreet Capital Ltd Partnership has 86,749 shares. Ameriprise Inc reported 137,997 shares. Ameritas Partners holds 1,696 shares. It also upped Blackrock Inc (Put) (NYSE:BLK) stake by 4,600 shares and now owns 43,300 shares. Century Capital Llc reported 41,995 shares. Waters Parkerson And Lc reported 220,834 shares or 3.13% of all its holdings.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The Home Depot, Inc.

Several analysts are forecasting growth estimate of The Home Depot, Inc. for the current quarter to be 12.5%. The stock volatility for the week was 1.85% while for the month was 1.50%.

General Motors Company was covered by a number of analysts recently, 16 rated the stock as Buy, 9 rated Outperform, 9 rated Hold, 0 gave an Underperform and 0 rated sell. Therefore 74% are positive.

In related news, EVP Matt Carey sold 32,000 shares of Home Depot stock in a transaction dated Thursday, September 7th. (NYSE:HD) on Wednesday, June 21 with "Buy" rating.

Fed funds futures prices showed that shareholders see a rate increase at the Federal Reserve's December 12-13 meeting as a done deal with much of the focus now on the outlook for rates in 2018 and beyond. (NYSE:HD) on Monday, August 17 to "Sell" rating. The company has an average rating of "Buy" and a consensus price target of $177.22. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, November 18. Telsey Advisory Group maintained the stock with "Outperform" rating in Monday, December 7 report. Seaport Global maintained Stepan Company (NYSE:SCL) rating on Wednesday, August 24. Argus Research maintained the stock with "Buy" rating in Wednesday, November 15 report. As per Friday, September 8, the company rating was maintained by Robert W. Baird.

Related:

Comments


Other news