Meridian Investment Counsel Inc. Continues to Hold Stake in Home Depot, Inc. (The) (NYSE:HD)

Meridian Investment Counsel Inc. maintained its stake in shares of Home Depot, Inc. (The) (NYSE:HD) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,023 shares of the home improvement retailer’s stock at the close of the first quarter. Home Depot, Inc. (The) makes up approximately 1.2% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 24th largest holding. Meridian Investment Counsel Inc.’s holdings in Home Depot, Inc. (The) were worth $1,912,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. boosted its stake in Home Depot, Inc. (The) by 114.1% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares during the period. CT Financial Advisors LLC lifted its stake in shares of Home Depot, Inc. (The) by 0.4% in the 1st quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 3 shares during the period. University of Texas Investment Managment Co. acquired a new stake in shares of Home Depot, Inc. (The) in the 1st quarter worth $132,000. Peoples Financial Services CORP. increased its holdings in shares of Home Depot, Inc. (The) by 13.9% in the 1st quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock valued at $151,000 after purchasing an additional 125 shares in the last quarter. Finally, Edge Wealth Management LLC increased its holdings in shares of Home Depot, Inc. (The) by 5.0% in the 1st quarter. Edge Wealth Management LLC now owns 1,125 shares of the home improvement retailer’s stock valued at $165,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 71.45% of the company’s stock.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the sale, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at $9,877,044. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is owned by corporate insiders.

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Home Depot, Inc. (HD) traded down 0.61% during mid-day trading on Friday, reaching $158.40. The company’s stock had a trading volume of 9,124,244 shares. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $161.38. The stock’s 50 day moving average is $152.78 and its 200 day moving average is $151.82. The company has a market cap of $186.72 billion, a price-to-earnings ratio of 22.80 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. During the same quarter in the prior year, the company earned $1.97 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts predict that Home Depot, Inc. will post $7.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were given a dividend of $0.89 per share. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.25%. Home Depot, Inc. (The)’s payout ratio is 51.15%.

A number of brokerages have recently issued reports on HD. Sanford C. Bernstein reiterated a “market perform” rating and issued a $152.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, August 15th. Wedbush reiterated a “market perform” rating on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $169.86.

Home Depot, Inc. (The) Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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