UNIVEST FINANCIAL Corp Buys $5.6 Million Worth of Home Depot Stock

UNIVEST FINANCIAL Corp has acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD), purchasing 16,009 shares valued at approximately $5,646,000.

The acquisition was made during the second quarter and is part of a trend where several large investors have been buying into The Home Depot's stock. Other notable investors include Gator Capital Management LLC, King Luther Capital Management Corp, Thompson Siegel & Walmsley LLC, Sarasin & Partners LLP, and Capital International Inc. CA.

The current ownership breakdown shows that 70.86% of the stock is held by hedge funds and other institutional investors. Analysts have been closely following The Home Depot's performance, with a consensus rating of 'Moderate Buy' and an average price target of $375.54.