Arizona State Retirement System Boosts Stake in Home Depot Inc
The Arizona State Retirement System raised its stake in Home Depot Inc (HD) by buying an additional 3,622 shares in the second quarter, according to a recent disclosure with the Securities and Exchange Commission. This brought their total holdings in the home improvement retailer's stock to 276,374 shares, valued at $97,472,000.
The institutional investor's ownership of Home Depot's stock is among the highest in the company, with 70.86% of the company's stock held by institutional investors. This includes other notable investors such as Parvin Asset Management LLC and Zeit Capital LLC, who have also increased their stakes in the company recently.
Home Depot reported a revenue of $47.86 billion for the quarter, surpassing analyst estimates of $47.24 billion. The company's quarterly revenue was up 5.7% compared to the same quarter last year.