Alta Capital Management LLC Holding in Home Depot INC (HD) Has Upped as Shares Rose

September 16, 2018 - By Robert Reynolds

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. Sns Financial Gp Ltd Liability Corp invested in 0.14% or 2,815 shares. Wealth Architects has 0.08% invested in The Home Depot, Inc. (NYSE:HD) for 1,239 shares. Marble Harbor Investment Counsel Ltd has invested 0.24% in The Home Depot, Inc. (NYSE:HD). Jennison Associate Limited Liability Company invested in 7.22M shares. Jefferies Ltd Limited Liability Company holds 0.04% or 32,438 shares. Comerica Bank & Trust invested in 0.95% or 672,581 shares. Wetherby Asset Inc accumulated 24,090 shares. Van Strum Towne has invested 0.17% in The Home Depot, Inc. (NYSE:HD). Eastern National Bank & Trust has 117,276 shares for 1.56% of their portfolio. Blair William And Il has 506,317 shares. Northeast Mgmt invested in 0.28% or 17,131 shares. 1,614 are owned by Garrison. Bankshares Of Nova Scotia stated it has 348,716 shares. Parametric Portfolio Assoc Ltd Co holds 0.66% or 3.55M shares. Amer National Bank reported 0.18% of its portfolio in The Home Depot, Inc. (NYSE:HD).

Since March 21, 2018, it had 2 buys, and 7 insider sales for $23.19 million activity. HOLIFIELD MARK sold $8.51M worth of The Home Depot, Inc. (NYSE:HD) on Wednesday, May 16. 16,827 shares were bought by BRENNEMAN GREGORY D, worth $3.00M. Shares for $806,149 were sold by Carey Matt. Shares for $2.19M were sold by Lennie William G.. $187,570 worth of stock was bought by Linnartz Stephanie on Friday, June 1. $3.81 million worth of stock was sold by Campbell Ann Marie on Thursday, August 16.

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 $28.20 million, 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 $239.21 billion market cap company. The stock decreased 0.18% or $0.38 during the last trading session, reaching $209.07. About 3.62 million 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 Cracker Barrel Old Ctry (NASDAQ:CBRL) by 66,709 shares in the quarter, leaving it with 66,592 shares, and cut its stake in Ecolab Inc (NYSE:ECL).

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Seekingalpha.com which released: “Can Home Depot Maintain Its Growth Momentum?” 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: 247Wallst.com and their article: “Home Depot or Lowe’s: After Earnings, Who Came Out Ahead?” published on August 23, 2018 as well as Seekingalpha.com‘s news article titled: “Home improvement rally ahead of hurricane” with publication date: September 10, 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 has “Buy” rating given on Tuesday, May 15 by Robert W. Baird. Morgan Stanley maintained the shares of HD in report on Wednesday, March 21 with “Buy” rating. The company was maintained on Wednesday, August 15 by Citigroup. UBS maintained it with “Buy” rating and $225 target in Wednesday, June 20 report. The firm earned “Buy” rating on Wednesday, May 16 by Stifel Nicolaus.

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

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