Meridian Wealth Partners LLC Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Meridian Wealth Partners LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,372 shares of the home improvement retailer’s stock after purchasing an additional 52 shares during the quarter. Home Depot makes up 0.4% of Meridian Wealth Partners LLC’s investment portfolio, making the stock its 26th biggest holding. Meridian Wealth Partners LLC’s holdings in Home Depot were worth $2,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Capital Research Global Investors increased its holdings in Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the period. Fisher Asset Management LLC boosted its position in shares of Home Depot by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock worth $3,046,485,000 after acquiring an additional 184,480 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after acquiring an additional 569,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Home Depot by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after acquiring an additional 333,312 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HD. Jefferies Financial Group began coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Evercore ISI lowered their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $389.04.

Home Depot Stock Up 0.4 %

Home Depot stock opened at $383.46 on Wednesday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock has a 50 day moving average of $362.82 and a two-hundred day moving average of $353.92. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock has a market capitalization of $380.24 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.