As Home Depot INC (HD) Stock Rose, Alliancebernstein LP Lifted Its Holding by $216.16 Million

January 19, 2018 - By Stephen Andrade

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.19, from 0.95 in 2017Q2. It improved, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Hyman Charles D owns 30,881 shares. Texas Capital Commercial Bank Inc Tx invested 1.1% in The Home Depot, Inc. (NYSE:HD). Kcm Inv Advsr Ltd Co holds 114,647 shares. Mirae Asset Invs Ltd has invested 0.28% in The Home Depot, Inc. (NYSE:HD). Peapack Gladstone Corporation invested in 1.39% or 147,755 shares. Roberts Glore And Company Il has 0.31% invested in The Home Depot, Inc. (NYSE:HD) for 2,944 shares. The California-based Aperio Gru Ltd Liability Company has invested 0.74% in The Home Depot, Inc. (NYSE:HD). 3,501 are owned by Smith And Howard Wealth Mngmt Ltd Limited Liability Company. Mitsubishi Ufj Tru Banking invested in 0.75% or 2.47 million shares. Lenox Wealth Mgmt Inc reported 0% in The Home Depot, Inc. (NYSE:HD). Carlton Hofferkamp & Jenks Wealth Mngmt Ltd Liability Com has invested 0.89% in The Home Depot, Inc. (NYSE:HD). Granite Inv Ptnrs Ltd Co accumulated 15,636 shares or 0.16% of the stock. Bradley Foster And Sargent Ct owns 178,165 shares for 1.11% of their portfolio. Gould Asset Ltd Company Ca has 1,603 shares for 0.12% of their portfolio. Accredited owns 0.22% invested in The Home Depot, Inc. (NYSE:HD) for 4,984 shares.

Since August 16, 2017, it had 0 insider buys, and 5 insider sales for $18.46 million activity. Another trade for 10,717 shares valued at $1.63M was sold by Campbell Ann Marie. Roseborough Teresa Wynn sold $1.97M worth of stock or 10,916 shares.

Alliancebernstein Lp increased its stake in Home Depot Inc (HD) by 16.52% based on its latest 2017Q3 regulatory filing with the SEC. Alliancebernstein Lp bought 1.33 million shares as the company’s stock rose 9.30% with the market. The hedge fund held 9.35M shares of the consumer services company at the end of 2017Q3, valued at $1.53 billion, up from 8.03 million at the end of the previous reported quarter. Alliancebernstein Lp who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $231.60 billion market cap company. The stock decreased 0.75% or $1.49 during the last trading session, reaching $198.33. About 4.47 million shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since January 19, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Alliancebernstein Lp, which manages about $133.51B US Long portfolio, decreased its stake in Ugi Corp New (NYSE:UGI) by 93,255 shares to 281,831 shares, valued at $13.21 million in 2017Q3, according to the filing. It also reduced its holding in Five Below Inc (NASDAQ:FIVE) by 78,469 shares in the quarter, leaving it with 2.38M shares, and cut its stake in Capital Bk Finl Corp (NASDAQ:CBF).

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Fool.com which released: “Forget Home Depot — Lowe’s Companies, Inc. Is a Better Dividend Growth Stock” on January 03, 2018, also Seekingalpha.com with their article: “Credit Suisse positive on recent Home Depot acquisition” published on December 27, 2017, Seekingalpha.com published: “Home Depot-XPO Logistics Deal Might Make Sense” on December 26, 2017. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Bloomberg.com and their article: “XPO Logistics Surges on Report of Possible Home Depot Bid” published on December 22, 2017 as well as Investorplace.com‘s news article titled: “M&A News: Home Depot Inc Buys The Company Store” with publication date: December 21, 2017.

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

Among 33 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. The Home Depot Inc. has $220.0 highest and $106 lowest target. $172.52’s average target is -13.01% below currents $198.33 stock price. The Home Depot Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. On Friday, September 29 the stock rating was maintained by Piper Jaffray with “Hold”. RBC Capital Markets maintained the shares of HD in report on Monday, September 18 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Wednesday, September 13. On Monday, October 31 the stock rating was downgraded by Piper Jaffray to “Neutral”. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by BMO Capital Markets on Tuesday, July 18. On Wednesday, August 16 the stock rating was upgraded by Raymond James to “Outperform”. The firm has “Buy” rating by Topeka Capital Markets given on Tuesday, May 24. The stock of The Home Depot, Inc. (NYSE:HD) has “Outperform” rating given on Monday, December 7 by Credit Suisse. PiperJaffray downgraded the shares of HD in report on Monday, October 31 to “Neutral” rating. On Tuesday, August 15 the stock rating was maintained by Robert W. Baird with “Buy”.

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