British Amern Tob Plc (BTI) Position Has Increased by Emerging Sovereign Group Llc; As Home Depot (HD) Stock Price Rose, Hilltop Holdings Raised Stake

January 20, 2018 - By Marguerite Chambers

Hilltop Holdings Inc increased its stake in Home Depot Inc (HD) by 72.89% based on its latest 2017Q3 regulatory filing with the SEC. Hilltop Holdings Inc bought 2,659 shares as the company’s stock rose 9.30% with the market. The institutional investor held 6,307 shares of the consumer services company at the end of 2017Q3, valued at $1.03M, up from 3,648 at the end of the previous reported quarter. Hilltop Holdings Inc who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $235.10B market cap company. The stock increased 1.51% or $3 during the last trading session, reaching $201.33. About 5.81 million shares traded or 22.10% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since January 20, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

J Kevin Kenny Jr increased its stake in British Amern Tob Plc (BTI) by 11.85% based on its latest 2017Q3 regulatory filing with the SEC. Emerging Sovereign Group Llc bought 40,760 shares as the company’s stock rose 13.21% with the market. The hedge fund run by J Kevin Kenny Jr held 384,835 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $24.03M, up from 344,075 at the end of the previous reported quarter. Emerging Sovereign Group Llc who had been investing in British Amern Tob Plc for a number of months, seems to be bullish on the $157.03 billion market cap company. The stock increased 2.54% or $1.74 during the last trading session, reaching $70.3. About 2.23 million shares traded or 17.28% up from the average. British American Tobacco p.l.c. (NYSEMKT:BTI) has risen 17.78% since January 20, 2017 and is uptrending. It has outperformed by 1.08% the S&P500.

Emerging Sovereign Group Llc, which manages about $7.90B and $240.11M US Long portfolio, decreased its stake in Yandex N V (NASDAQ:YNDX) by 354,670 shares to 1.69M shares, valued at $55.74 million in 2017Q3, according to the filing. It also reduced its holding in Hdfc Bank Ltd (NYSE:HDB) by 77,010 shares in the quarter, leaving it with 336,651 shares, and cut its stake in Anheuser Busch Inbev Sa/Nv (NYSE:BUD).

Among 7 analysts covering British Amrcn Tobacco (NYSEMKT:BTI), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. British Amrcn Tobacco had 9 analyst reports since August 4, 2015 according to SRatingsIntel. The company was upgraded on Thursday, September 8 by Investec. Cowen & Co initiated British American Tobacco p.l.c. (NYSE:BTI) on Tuesday, August 25 with “Market Perform” rating. The company was downgraded on Friday, July 29 by Societe Generale. Morgan Stanley upgraded British American Tobacco p.l.c. (NYSE:BTI) on Wednesday, November 2 to “Overweight” rating. The firm earned “Overweight” rating on Thursday, May 25 by Piper Jaffray. Societe Generale upgraded the stock to “Buy” rating in Friday, October 28 report. The firm earned “Buy” rating on Tuesday, August 4 by Bank of America. As per Friday, August 4, the company rating was upgraded by Investec. The firm has “Sell” rating by Goldman Sachs given on Thursday, December 10.

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 rating was maintained by Robert W. Baird on Thursday, November 30 with “Buy”. SEB Equity Research maintained The Home Depot, Inc. (NYSE:HD) on Tuesday, August 25 with “Sell” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 20. The stock of The Home Depot, Inc. (NYSE:HD) has “Sell” rating given on Monday, August 17 by Zacks. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, April 6. The firm has “Buy” rating by Vetr given on Wednesday, August 19. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 16. The rating was maintained by Jefferies on Friday, November 10 with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Monday, September 18. Bank of America maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, November 8 with “Buy” rating.

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. Jpmorgan Chase, New York-based fund reported 20.72 million shares. Sit Invest Assoc Inc reported 306,795 shares. The Washington-based Washington National Bank has invested 1.16% in The Home Depot, Inc. (NYSE:HD). Beech Hill Advsrs has invested 0.32% of its portfolio in The Home Depot, Inc. (NYSE:HD). Kentucky Retirement Sys Insur Trust Fund has 0.92% invested in The Home Depot, Inc. (NYSE:HD). Fic Capital has invested 1.29% in The Home Depot, Inc. (NYSE:HD). Sarasin & Partners Llp invested in 1.38% or 418,704 shares. First Manhattan, a New York-based fund reported 29,911 shares. Palisade Capital Mngmt Llc Nj reported 4,921 shares stake. Eaton Vance Management has invested 0.8% in The Home Depot, Inc. (NYSE:HD). Moreover, Bangor National Bank has 0.09% invested in The Home Depot, Inc. (NYSE:HD) for 2,733 shares. Weiss Multi reported 0.1% of its portfolio in The Home Depot, Inc. (NYSE:HD). Blue Edge Capital Limited Liability Corporation holds 13,829 shares. Eagleclaw Cap Managment Lc holds 4.22% in The Home Depot, Inc. (NYSE:HD) or 45,557 shares. Compton Cap Mgmt Inc Ri holds 0.76% or 10,373 shares in its portfolio.

Hilltop Holdings Inc, which manages about $330.13 million US Long portfolio, decreased its stake in Ishares Tr (IDV) by 15,771 shares to 32,469 shares, valued at $1.10 million in 2017Q3, according to the filing. It also reduced its holding in Idex Corp (NYSE:IEX) by 2,548 shares in the quarter, leaving it with 15,284 shares, and cut its stake in Ishares Tr (LQD).

Since August 16, 2017, it had 0 insider buys, and 5 insider sales for $18.46 million activity. Another trade for 15,000 shares valued at $2.26M was made by Roseborough Teresa Wynn on Monday, August 21. Shares for $1.63M were sold by Campbell Ann Marie on Wednesday, August 16.

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