Alta Capital Management LLC Has Lifted Its Home Depot INC (HD) Stake

September 16, 2018 - By Harriett Tippett

The Home Depot, Inc. (NYSE:HD) LogoInvestors sentiment increased to 1.14 in Q2 2018. Its up 0.27, from 0.87 in 2018Q1. It increased, as 44 investors sold HD shares while 584 reduced holdings. 142 funds opened positions while 572 raised stakes. 764.62 million shares or 0.98% less from 772.16 million shares in 2018Q1 were reported. Dnb Asset Mngmt As reported 0% of its portfolio in The Home Depot, Inc. (NYSE:HD). First Heartland Consultants Inc accumulated 3,030 shares. Honeywell reported 161,836 shares. Levin Strategies Ltd Partnership invested 0.02% of its portfolio in The Home Depot, Inc. (NYSE:HD). Tocqueville Asset Limited Partnership has invested 3.8% in The Home Depot, Inc. (NYSE:HD). Amundi Pioneer Asset Mngmt Incorporated has 1.59% invested in The Home Depot, Inc. (NYSE:HD) for 5.65M shares. Wright Invsts Serv owns 37,899 shares. Sawgrass Asset Mgmt Llc holds 3.04% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 48,970 shares. Chatham Cap owns 4,968 shares. Central Bank & Trust & Com reported 8,730 shares. Maverick Capital Limited stated it has 186,780 shares or 0.43% of all its holdings. Royal Bank Of Canada holds 5.05 million shares or 0.44% of its portfolio. Alley Com Limited Liability Co reported 38,514 shares. Victory Capital Inc has invested 0.05% in The Home Depot, Inc. (NYSE:HD). Cincinnati Casualty has 7,000 shares.

Since March 21, 2018, it had 2 buys, and 7 sales for $23.19 million activity. $8.51M worth of The Home Depot, Inc. (NYSE:HD) shares were sold by HOLIFIELD MARK. Decker Edward P. also sold $6.18 million worth of The Home Depot, Inc. (NYSE:HD) shares. Campbell Ann Marie sold $3.81 million worth of The Home Depot, Inc. (NYSE:HD) on Thursday, August 16. The insider BRENNEMAN GREGORY D bought 16,827 shares worth $3.00 million. $806,149 worth of The Home Depot, Inc. (NYSE:HD) was sold by Carey Matt on Thursday, August 16. 1,000 shares were bought by Linnartz Stephanie, worth $187,570 on Friday, June 1.

Alta Capital Management Llc increased its stake in Home Depot Inc (HD) by 7881.83% based on its latest 2018Q2 regulatory filing with the SEC. Alta Capital Management Llc bought 142,740 shares as the company’s stock rose 5.83% with the market. The institutional investor held 144,551 shares of the consumer services company at the end of 2018Q2, valued at $28.20M, up from 1,811 at the end of the previous reported quarter. Alta Capital Management Llc who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $239.21B market cap company. The stock decreased 0.18% or $0.38 during the last trading session, reaching $209.07. About 3.62M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 32.56% since September 16, 2017 and is uptrending. It has outperformed by 16.94% the S&P500.

Alta Capital Management Llc, which manages about $1.48 billion and $1.62B US Long portfolio, decreased its stake in Intuit Inc (NASDAQ:INTU) by 15,938 shares to 109,817 shares, valued at $22.44M in 2018Q2, according to the filing. It also reduced its holding in Broadridge Fin’l Solutns (NYSE:BR) by 147,882 shares in the quarter, leaving it with 283,208 shares, and cut its stake in Cracker Barrel Old Ctry (NASDAQ:CBRL).

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: 247Wallst.com which released: “Home Depot or Lowe’s: After Earnings, Who Came Out Ahead?” on August 23, 2018, also Seekingalpha.com with their article: “Home Depot Still Going Strong” published on August 19, 2018, Seekingalpha.com published: “Home Depot And The Battle For $200” on August 22, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Seekingalpha.com and their article: “Home improvement rally ahead of hurricane” published on September 10, 2018 as well as Seekingalpha.com‘s news article titled: “Can Home Depot Maintain Its Growth Momentum?” with publication date: August 23, 2018.

The Home Depot, Inc. (NYSE:HD) Ratings Coverage

Among 7 analysts covering Home Depot (NYSE:HD), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Home Depot had 7 analyst reports since March 21, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, May 16 by Stifel Nicolaus. The rating was maintained by Citigroup on Wednesday, August 15 with “Buy”. UBS maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, June 20. UBS has “Buy” rating and $225 target. The firm earned “Buy” rating on Wednesday, March 21 by Morgan Stanley. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Tuesday, May 15 by Robert W. Baird.

The Home Depot, Inc. (NYSE:HD) Institutional Positions Chart

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