Schwab Charles Investment Management INC Increased Its Stake in Home Depot INC (HD) by $41.08 Million

June 27, 2018 - By Rebecca Betts

The Home Depot, Inc. (NYSE:HD) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.87. That’s change of 0.06, from 2017Q4’s 0.93. 72 investors sold all, 666 reduced holdings as HD ratio worsened. 523 rose stakes while 116 funds acquired stakes. Funds hold 772.16 million shares thus 2.08% less from 2017Q4’s 788.59 million shares. The Ohio-based Pub Employees Retirement Systems Of Ohio has invested 0.76% in The Home Depot, Inc. (NYSE:HD). Pinnacle Wealth Mngmt Advisory Grp Limited Liability Company stated it has 8,928 shs or 0.9% of all its holdings. Stillwater Cap Advisors Lc, Pennsylvania-based fund reported 70,462 shs. Roberts Glore Il stated it has 0.32% of its capital in The Home Depot, Inc. (NYSE:HD). Cutler Counsel reported 2.81% of its capital in The Home Depot, Inc. (NYSE:HD). Oakmont Corp accumulated 0.03% or 1,170 shs. Moneta Gru Inv Advisors Ltd Liability, Missouri-based fund reported 566 shs. Moreover, Robeco Institutional Asset Mgmt Bv has 0.83% invested in The Home Depot, Inc. (NYSE:HD). Foster And Motley invested in 0.11% or 3,837 shs. Delta Asset Lc Tn owns 0.25% invested in The Home Depot, Inc. (NYSE:HD) for 9,487 shs. Fincl Advisory Gp has invested 0.3% in The Home Depot, Inc. (NYSE:HD). Clearbridge Investments Limited holds 7.71M shs. 419,701 were reported by Regions. New York State Common Retirement Fund reported 3.22 million shs. Department Mb State Bank N A holds 1.09% of its capital in The Home Depot, Inc. (NYSE:HD) for 53,663 shs.

HD had 7 selling transactions and 3 insider buys since February 21, 2018. This’s net activity of $46.42 million. $7.02M worth of The Home Depot, Inc. (NYSE:HD) was sold by Campbell Ann Marie on Thursday, February 22. $6.18 million worth of stock was sold by Decker Edward P. on Wednesday, May 16. $1.68 million worth of The Home Depot, Inc. (NYSE:HD) was sold by Lennie William G.. On Wednesday, May 16 $8.51M worth of stock was sold by HOLIFIELD MARK. The insider Linnartz Stephanie bought $187,570. The insider Roseborough Teresa Wynn sold 17,310 shs worth $3.21 million.

According to 2018Q1 SEC filling the Schwab Charles Investment Management Inc rose its stake in Home Depot Inc (HD) by 3.73%. The company’s stock declined 0.85% with the market as Schwab Charles Investment Management Inc bought 230,769 shares. At the end of 2018Q1, the 6.42M shares of the consumer services company held by the institutional investor were priced at $1.14B, up from 6.18M at the end of the previous reported quarter. $228.30 billion is Home Depot Inc’s MC. The stock increased 0.79% or $1.55 during the last trading session, hitting $197.91.Currently The Home Depot, Inc. is uptrending after 19.42% change in last June 27, 2017. HD has 665,738 shares volume. HD outperformed the S&P 500 by 6.85%.

Schwab Charles Investment Management Inc operates about $128.65 billion US Long portfolio. It reduced its stake in Microsoft Corp (NASDAQ:MSFT) by 3.13M shares to 28.39M shares, valued at $2.59 billion in 2018Q1, according to the filing. Schwab Charles Investment Management Inc has cut its stake in Mcdonalds Corp (NYSE:MCD) and also reduced its holding in Morgan Stanley (NYSE:MS) by 238,394 shares in the quarter, for a total of 5.70 million shares.

For more The Home Depot, Inc. (NYSE:HD) news posted briefly go to: Seekingalpha.com, Fool.com, Streetinsider.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Home Depot Vs. Lowe’s” posted on May 30, 2018, “Home Depot’s $1.2 Billion Investment to Amazon-Proof Its Business” on June 23, 2018, “Home Depot (HD) PT Raised to $50 at BofA/Merrill Lynch Following Analyst Day” with a publish date: June 26, 2018, “The Home Depot, Inc. Dividend Stock Analysis” and the last “Wolfe Research updates on housing starts implications” with publication date: June 20, 2018.

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

Total analysts of 14 have positions in Home Depot (NYSE:HD) as follows: 11 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 79%. The firm has $230.0 highest while $18700 is the lowest target. The average target $210.79 is 6.51% above the last ($197.91) price. Since January 2, 2018 according to StockzIntelligence Inc Home Depot has 21 analyst reports. On Wednesday, January 24 the firm has “Outperform” rating given by Credit Suisse. The company rating was maintained by Stifel Nicolaus on Wednesday, May 16. On Wednesday, January 10 the rating was maintained by Robert W. Baird with “Buy”. On Friday, January 26 UBS maintained the shares of HD in report with “Buy” rating. The company rating was maintained by Stifel Nicolaus on Wednesday, January 24. On Monday, February 26 the stock has “Buy” rating by Guggenheim. On Tuesday, May 15 the stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given by Robert W. Baird. The stock rating was maintained by Morgan Stanley with “Buy” on Wednesday, March 21. On Tuesday, February 20 Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) rating. Robert W. Baird has “Buy” rating and $220.0 target. The company rating was maintained by Jefferies on Monday, February 5.

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

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