Home Depot INC (HD) Shareholder Pioneer Investment Management INC Has Lowered Its Position by $165.23 Million as Market Valuation Declined

August 9, 2018 - By Robert Shackelford

The Home Depot, Inc. (NYSE:HD) LogoInvestors sentiment decreased to 0.87 in 2018 Q1. Its down 0.06, from 0.93 in 2017Q4. It is negative, as 72 investors sold HD shares while 666 reduced holdings. 116 funds opened positions while 523 raised stakes. 772.16 million shares or 2.08% less from 788.59 million shares in 2017Q4 were reported. The Idaho-based Caprock Grp Inc has invested 0.47% in The Home Depot, Inc. (NYSE:HD). Vantage Advsr Ltd Llc stated it has 1.69% in The Home Depot, Inc. (NYSE:HD). Fort Point Capital Prtnrs Ltd Liability holds 5,866 shares. Pictet Asset Mngmt Limited owns 883,605 shares or 0.39% of their US portfolio. Moreover, Windward Mgmt Com Ca has 0.28% invested in The Home Depot, Inc. (NYSE:HD) for 10,815 shares. Churchill Corporation has 180,426 shares for 0.93% of their portfolio. Moreover, Northstar Investment Advisors Limited Co has 3.25% invested in The Home Depot, Inc. (NYSE:HD) for 86,110 shares. Franklin has 465,049 shares for 0.04% of their portfolio. Kentucky Retirement Sys invested in 0.93% or 60,943 shares. North Dakota-based Bell National Bank & Trust has invested 0.17% in The Home Depot, Inc. (NYSE:HD). 46,741 are owned by Amica Mutual Insur. Jones Collombin Investment Counsel owns 46,356 shares or 2.74% of their US portfolio. Moreover, Jolley Asset Mgmt Ltd Liability Company has 0.07% invested in The Home Depot, Inc. (NYSE:HD) for 670 shares. Next Grp holds 1% or 26,618 shares. Cetera Advisor Limited Liability Corporation owns 46,940 shares.

Since February 21, 2018, it had 3 insider purchases, and 7 insider sales for $46.42 million activity. HOLIFIELD MARK sold $8.51M worth of stock. Menear Craig A had sold 113,687 shares worth $20.89M on Wednesday, February 21. Shares for $1.68 million were sold by Lennie William G.. Campbell Ann Marie had sold 37,680 shares worth $7.02M on Thursday, February 22. BRENNEMAN GREGORY D bought $3.00M worth of stock or 16,827 shares. The insider Decker Edward P. sold $3.31 million.

Pioneer Investment Management Inc decreased its stake in Home Depot Inc (HD) by 15.68% based on its latest 2018Q1 regulatory filing with the SEC. Pioneer Investment Management Inc sold 928,260 shares as the company’s stock declined 0.85% with the market. The institutional investor held 4.99 million shares of the consumer services company at the end of 2018Q1, valued at $889.70 million, down from 5.92 million at the end of the previous reported quarter. Pioneer Investment Management Inc who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $229.26B market cap company. The stock increased 0.37% or $0.725 during the last trading session, reaching $198.745. About 770,455 shares traded. The Home Depot, Inc. (NYSE:HD) has risen 19.42% since August 9, 2017 and is uptrending. It has outperformed by 6.85% the S&P500.

Pioneer Investment Management Inc, which manages about $65.36B and $62.39 billion US Long portfolio, upped its stake in Nike Inc (NYSE:NKE) by 181,151 shares to 2.92M shares, valued at $194.00M in 2018Q1, according to the filing. It also increased its holding in Harris Corp Del (NYSE:HRS) by 97,660 shares in the quarter, for a total of 230,142 shares, and has risen its stake in Conagra Brands Inc (NYSE:CAG).

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on August, 14 before the open. They expect $2.85 earnings per share, up 26.67 % or $0.60 from last year’s $2.25 per share. HD’s profit will be $3.29B for 17.43 P/E if the $2.85 EPS becomes a reality. After $2.08 actual earnings per share reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 37.02 % EPS growth.

More important recent The Home Depot, Inc. (NYSE:HD) news were published by: Fool.com which released: “Is The Home Depot, Inc. a Buy?” on July 28, 2018, also Seekingalpha.com published article titled: “Home Depot Appears Softer Than It Should Be”, Seekingalpha.com published: “Home Depot Has An Unattractive Risk-Reward Profile” on August 06, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) was released by: Fool.com and their article: “Better Buy: The Home Depot vs. Sherwin-Williams” with publication date: August 09, 2018.

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

Among 12 analysts covering Home Depot (NYSE:HD), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Home Depot had 14 analyst reports since February 20, 2018 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Wednesday, June 20. The firm has “Buy” rating given on Wednesday, February 21 by Citigroup. Guggenheim maintained the stock with “Buy” rating in Monday, February 26 report. The firm earned “Buy” rating on Tuesday, May 15 by Robert W. Baird. Morgan Stanley maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, March 21. Morgan Stanley has “Buy” rating and $210.0 target. As per Wednesday, May 16, the company rating was maintained by Stifel Nicolaus. Robert W. Baird maintained it with “Buy” rating and $220.0 target in Tuesday, February 20 report. The rating was maintained by Wedbush on Wednesday, February 21 with “Hold”. BMO Capital Markets maintained The Home Depot, Inc. (NYSE:HD) on Thursday, February 22 with “Outperform” rating. Stifel Nicolaus maintained it with “Buy” rating and $225.0 target in Wednesday, February 21 report.

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

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