Home Depot (HD) Shareholder Cincinnati Financial Boosted Its Position by $2.20 Million as Market Valuation Rose; Pictet Asset Management LTD Cut Anthem (ANTM) Stake as Stock Price Rose

February 15, 2018 - By Ellis Scott

Pictet Asset Management Ltd decreased its stake in Anthem Inc (ANTM) by 3.24% based on its latest 2017Q3 regulatory filing with the SEC. Pictet Asset Management Ltd sold 7,900 shares as the company’s stock rose 10.08% with the market. The institutional investor held 236,227 shares of the health care company at the end of 2017Q3, valued at $44.86M, down from 244,127 at the end of the previous reported quarter. Pictet Asset Management Ltd who had been investing in Anthem Inc for a number of months, seems to be less bullish one the $58.99B market cap company. The stock decreased 2.24% or $5.27 during the last trading session, reaching $229.75. About 598,872 shares traded. Anthem, Inc. (NYSE:ANTM) has risen 31.86% since February 15, 2017 and is uptrending. It has outperformed by 15.16% the S&P500.

Cincinnati Financial Corp increased its stake in Home Depot Inc (HD) by 4.58% based on its latest 2017Q3 regulatory filing with the SEC. Cincinnati Financial Corp bought 13,500 shares as the company’s stock rose 9.30% with the market. The institutional investor held 308,054 shares of the consumer services company at the end of 2017Q3, valued at $50.39 million, up from 294,554 at the end of the previous reported quarter. Cincinnati Financial Corp who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $215.18 billion market cap company. The stock decreased 0.23% or $0.42 during the last trading session, reaching $184.27. About 1.91M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since February 15, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

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. had 107 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by UBS on Wednesday, November 18. Argus Research maintained the stock with “Buy” rating in Wednesday, November 18 report. The rating was reinitiated by Stifel Nicolaus on Tuesday, August 2 with “Buy”. On Wednesday, August 16 the stock rating was upgraded by Raymond James to “Outperform”. The firm earned “Buy” rating on Wednesday, September 13 by Jefferies. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Wednesday, January 24 by Stifel Nicolaus. The stock has “Buy” rating by Oppenheimer on Wednesday, June 21. The company was upgraded on Monday, January 25 by Deutsche Bank. On Wednesday, August 16 the stock rating was maintained by Bank of America with “Buy”. Gordon Haskett Capital Corporation initiated The Home Depot, Inc. (NYSE:HD) on Tuesday, October 3 with “Buy” rating.

Since August 16, 2017, it had 0 insider purchases, and 4 selling transactions for $16.83 million activity. The insider Roseborough Teresa Wynn sold 10,916 shares worth $1.97M. Campbell Ann Marie sold $1.63M worth of stock or 10,717 shares.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It is positive, 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. Rockland Trust accumulated 2.87% or 117,362 shares. Richard Bernstein Advsrs Ltd stated it has 67,096 shares or 0.76% of all its holdings. Franklin Incorporated invested in 688,009 shares or 0.06% of the stock. Moreover, Next Finance Group has 1.15% invested in The Home Depot, Inc. (NYSE:HD). Front Barnett Lc holds 0.3% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 10,434 shares. Commercial Bank Pictet & Cie (Asia) holds 1.55% or 20,100 shares. Atwood And Palmer owns 0.44% invested in The Home Depot, Inc. (NYSE:HD) for 18,549 shares. Cypress Asset Mgmt Incorporated Tx accumulated 40,988 shares or 1.44% of the stock. Private Ocean Ltd Liability reported 43 shares. 12,123 were reported by Walter Keenan Consulting Mi Adv. First Dallas accumulated 0.69% or 6,062 shares. Price T Rowe Associate Inc Md reported 13.94 million shares stake. Buckhead Cap Management Limited Liability Company has 1.15% invested in The Home Depot, Inc. (NYSE:HD) for 32,648 shares. Balyasny Asset Management Ltd reported 26,296 shares. Cypress Grp Inc invested in 23,112 shares or 0.81% of the stock.

Pictet Asset Management Ltd, which manages about $35.33 billion US Long portfolio, upped its stake in Zimmer Biomet Hldgs Inc (ZMH) by 7,571 shares to 311,338 shares, valued at $36.46M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr Us (CRED) by 6,400 shares in the quarter, for a total of 43,100 shares, and has risen its stake in Tractor Supply Co (NASDAQ:TSCO).

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