Wharton Business Group Decreased Stake in Apple (AAPL) by $447,678 as Share Value Rose; Home Depot (HD) Holder Centre Asset Management Trimmed Stake

January 13, 2018 - By Marguerite Chambers

Centre Asset Management Llc decreased its stake in Home Depot Inc (HD) by 24.82% based on its latest 2017Q3 regulatory filing with the SEC. Centre Asset Management Llc sold 13,330 shares as the company’s stock rose 9.30% with the market. The institutional investor held 40,387 shares of the consumer services company at the end of 2017Q3, valued at $6.61M, down from 53,717 at the end of the previous reported quarter. Centre Asset Management Llc who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $229.37 billion market cap company. The stock increased 0.89% or $1.74 during the last trading session, reaching $196.42. About 6.75 million shares traded or 46.35% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since January 13, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Wharton Business Group Llc decreased its stake in Apple Inc (AAPL) by 1.8% based on its latest 2017Q3 regulatory filing with the SEC. Wharton Business Group Llc sold 2,907 shares as the company’s stock rose 12.78% with the market. The institutional investor held 158,294 shares of the computer manufacturing company at the end of 2017Q3, valued at $24.40M, down from 161,201 at the end of the previous reported quarter. Wharton Business Group Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $900.87 billion market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 13, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Since August 16, 2017, it had 0 insider purchases, and 5 selling transactions for $18.46 million activity. 41,396 shares were sold by Carey Matt, worth $7.58 million on Friday, December 8. The insider Campbell Ann Marie sold $1.63 million.

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on February, 20. They expect $1.62 EPS, up 12.50% or $0.18 from last year’s $1.44 per share. HD’s profit will be $1.89B for 30.31 P/E if the $1.62 EPS becomes a reality. After $1.84 actual EPS reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts -11.96% negative EPS growth.

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 102 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, September 13 by BMO Capital Markets. Stifel Nicolaus maintained The Home Depot, Inc. (NYSE:HD) on Thursday, August 31 with “Buy” rating. The firm earned “Buy” rating on Wednesday, August 17 by Citigroup. RBC Capital Markets maintained The Home Depot, Inc. (NYSE:HD) on Monday, July 24 with “Buy” rating. Argus Research maintained it with “Buy” rating and $142 target in Wednesday, November 18 report. The firm has “Buy” rating given on Wednesday, November 29 by Credit Suisse. The stock has “Outperform” rating by Credit Suisse on Wednesday, November 18. Topeka Capital Markets initiated The Home Depot, Inc. (NYSE:HD) on Tuesday, May 24 with “Buy” rating. The company was downgraded on Thursday, May 11 by Atlantic Securities. Credit Suisse maintained The Home Depot, Inc. (NYSE:HD) on Monday, December 7 with “Outperform” rating.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.19, from 0.95 in 2017Q2. It increased, 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. Cohen Lawrence B reported 1,795 shares. Northern Capital Lc reported 12,758 shares stake. Vnbtrust Natl Association invested 0.13% in The Home Depot, Inc. (NYSE:HD). Moreover, Jones Collombin Invest Counsel has 2.61% invested in The Home Depot, Inc. (NYSE:HD) for 46,860 shares. Burney Company accumulated 38,093 shares. Perigon Wealth Mgmt Limited Liability Co owns 49,674 shares. California-based Churchill Mgmt Corp has invested 0.74% in The Home Depot, Inc. (NYSE:HD). North Point Portfolio Managers Corp Oh has 2.99% invested in The Home Depot, Inc. (NYSE:HD) for 108,426 shares. Senator Inv LP invested 2.18% of its portfolio in The Home Depot, Inc. (NYSE:HD). Employees Retirement Of Ohio holds 0.74% or 875,231 shares. First Republic Investment Mgmt stated it has 526,654 shares or 0.62% of all its holdings. Forbes J M Llp holds 0.2% or 5,010 shares. Yhb Advsr invested 1.25% of its portfolio in The Home Depot, Inc. (NYSE:HD). New England Private Wealth Ltd Company, a Massachusetts-based fund reported 3,731 shares. Moreover, Roosevelt Investment Grp has 1.64% invested in The Home Depot, Inc. (NYSE:HD) for 108,788 shares.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08 billion for 11.81 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Since August 7, 2017, it had 0 insider purchases, and 12 selling transactions for $93.68 million activity. SCHILLER PHILIP W sold $8.79M worth of stock. 268,623 shares valued at $43.15M were sold by COOK TIMOTHY D on Thursday, August 24. 63,163 shares were sold by FEDERIGHI CRAIG, worth $9.98M. Shares for $9.78 million were sold by AHRENDTS ANGELA J on Tuesday, October 3. Riccio Daniel J. had sold 15,641 shares worth $2.73M. The insider LEVINSON ARTHUR D sold $5.52 million.

Wharton Business Group Llc, which manages about $1.74B and $946.41 million US Long portfolio, upped its stake in Ishares U.S. Preferred (PFF) by 12,800 shares to 1.41 million shares, valued at $54.85M in 2017Q3, according to the filing. It also increased its holding in Ishars Edg Msci Usa Qlty (QUAL) by 34,760 shares in the quarter, for a total of 736,190 shares, and has risen its stake in Spdr S&P 500 Etf (SPY).

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It improved, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Sandhill Prtn Ltd Llc owns 5,417 shares for 0.16% of their portfolio. Nationwide Fund Advsrs stated it has 2.1% in Apple Inc. (NASDAQ:AAPL). Hudock Grp Limited Liability holds 0.79% or 10,978 shares in its portfolio. Axiom International Investors Ltd Limited Liability Company De stated it has 410,305 shares or 1.42% of all its holdings. De Burlo Group Inc holds 4.57% in Apple Inc. (NASDAQ:AAPL) or 133,691 shares. 70,779 were accumulated by Charter Tru. California State Teachers Retirement invested 3.02% of its portfolio in Apple Inc. (NASDAQ:AAPL). Nbt National Bank N A reported 127,391 shares. Camelot Portfolios, a Ohio-based fund reported 28,356 shares. Parsons Mngmt Ri holds 6.39% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 351,386 shares. 108,713 are owned by Jacobs Ca. Moreover, First State Bank Of Mount Dora Trust Service has 2.65% invested in Apple Inc. (NASDAQ:AAPL). 5,408 were accumulated by Shine Investment Advisory Ser. Bsw Wealth invested 0.81% of its portfolio in Apple Inc. (NASDAQ:AAPL). Roof Eidam And Maycock Adv accumulated 17,864 shares.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, December 23 by FBR Capital. The company was maintained on Wednesday, April 27 by Robert W. Baird. The firm has “Buy” rating given on Wednesday, August 23 by Drexel Hamilton. CLSA maintained the stock with “Buy” rating in Friday, September 16 report. Needham downgraded it to “Buy” rating and $165 target in Friday, March 24 report. KeyBanc Capital Markets maintained it with “Hold” rating and $15000 target in Wednesday, August 2 report. The firm has “Hold” rating given on Wednesday, October 28 by Mizuho. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Wednesday, June 28 by KeyBanc Capital Markets. The company was maintained on Wednesday, July 27 by Credit Suisse. The firm has “Buy” rating by Maxim Group given on Tuesday, January 31.

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