Meridian Wealth Management LLC reduced its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 5,093 shares of the home improvement retailer’s stock after selling 5 shares during the period. Meridian Wealth Management LLC’s holdings in Home Depot, Inc. (The) were worth $748,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of HD. Adalta Capital Management LLC acquired a new stake in Home Depot, Inc. (The) during the first quarter valued at approximately $4,475,000. Summit Global Investments raised its stake in Home Depot, Inc. (The) by 10.4% in the first quarter. Summit Global Investments now owns 24,661 shares of the home improvement retailer’s stock valued at $3,621,000 after buying an additional 2,323 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in Home Depot, Inc. (The) during the first quarter valued at approximately $232,000. Harbour Capital Advisors LLC acquired a new stake in Home Depot, Inc. (The) during the first quarter valued at approximately $1,799,000. Finally, Saturna Capital CORP raised its stake in Home Depot, Inc. (The) by 11.1% in the first quarter. Saturna Capital CORP now owns 7,978 shares of the home improvement retailer’s stock valued at $1,171,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.

Shares of Home Depot, Inc. (NYSE:HD) traded down 0.042% during mid-day trading on Monday, reaching $154.815. 1,760,461 shares of the company were exchanged. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The stock has a 50 day moving average price of $151.33 and a 200-day moving average price of $149.61. The stock has a market capitalization of $185.09 billion, a P/E ratio of 23.165 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. Analysts predict that Home Depot, Inc. will post $7.25 earnings per share for the current year.

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Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Home Depot, Inc. (The) from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a research note on Thursday. Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.39 price objective for the company in a research note on Wednesday, August 9th. Sanford C. Bernstein reiterated a “market perform” rating and set a $152.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Finally, Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $164.72.

In related news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total value of $4,856,727.33. Following the sale, the executive vice president now directly owns 46,294 shares in the company, valued at approximately $7,197,328.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne M. Hewett acquired 350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at $219,954. The disclosure for this purchase can be found here. Insiders have sold a total of 128,900 shares of company stock worth $20,167,386 over the last 90 days. Insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) Company 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.

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

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