Wellington Shields Capital Management Has Lifted Its Home Depot (HD) Position by $1.21 Million; Valuation Declined; First Commonwealth Financial Has Cut Its Procter And Gamble Co (PG) Position by $2.48 Million; Share Value Declined

June 17, 2018 - By Marguerite Chambers

The Home Depot, Inc. (NYSE:HD) Logo

First Commonwealth Financial Corp decreased its stake in Procter And Gamble Co (PG) by 79.77% based on its latest 2018Q1 regulatory filing with the SEC. First Commonwealth Financial Corp sold 31,446 shares as the company’s stock declined 8.97% with the market. The institutional investor held 7,975 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $633,000, down from 39,421 at the end of the previous reported quarter. First Commonwealth Financial Corp who had been investing in Procter And Gamble Co for a number of months, seems to be less bullish one the $194.58 billion market cap company. The stock increased 1.83% or $1.39 during the last trading session, reaching $77.38. About 14.94M shares traded or 56.76% up from the average. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since June 17, 2017 and is downtrending. It has underperformed by 27.02% the S&P500. Some Historical PG News: 19/04/2018 – P&G CFO SEES INTENSIFYING RETAIL COMPETITION; 10/04/2018 – P&G Declares Dividend Increase; 19/04/2018 – P&G PG.N SAYS ANNOUNCED IT HAS SIGNED AN AGREEMENT TO ACQUIRE CONSUMER HEALTH BUSINESS OF MERCK KGAA, DARMSTADT, GERMANY; 23/05/2018 – P&G – MAXIMUM AGGREGATE PURCHASE PRICE THAT P&G WILL PAY IN TENDER OFFER IS ABOUT $1.404 BLN; 16/04/2018 – PG ELECTROPLAST LTD PGEL.NS SAYS CO APPOINTED MAHABIR PRASAD GUPTA AS CFO; 22/05/2018 – Procter & Gamble Announces Early Results of Its Debt Tender Offer; Increases the Maximum Tender Amount; 09/05/2018 – Procter & Gamble Offers to Buy Back Up to $1.25B Debt Securities; 22/03/2018 – Allure Security Wins Three Awards in the 14th Annual Info Security PG’s 2018 Global Excellence Awards; 19/04/2018 – P&G – RAISING FISCAL YEAR 2018 GUIDANCE FOR CORE EPS GROWTH TO A RANGE OF SIX TO EIGHT PERCENT VERSUS FISCAL 2017 CORE EPS; 03/04/2018 – Pfizer and P&G are in talks on sale of consumer business, though far apart in price

Wellington Shields Capital Management Llc increased its stake in Home Depot Inc (HD) by 52.28% based on its latest 2018Q1 regulatory filing with the SEC. Wellington Shields Capital Management Llc bought 6,821 shares as the company’s stock declined 0.85% with the market. The institutional investor held 19,867 shares of the consumer services company at the end of 2018Q1, valued at $3.54 million, up from 13,046 at the end of the previous reported quarter. Wellington Shields Capital Management Llc who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $231.33 billion market cap company. The stock increased 0.44% or $0.87 during the last trading session, reaching $200.54. About 7.82M shares traded or 64.53% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 19.42% since June 17, 2017 and is uptrending. It has outperformed by 6.85% the S&P500. Some Historical HD News: 15/03/2018 – U.S. CPSC SAYS RECALLED CHILDREN’S TENTS SOLD EXCLUSIVELY AT HOME DEPOT STORES NATIONWIDE DURING NOVEMBER 2017; 24/04/2018 – KVUE News: Sources: 2 Dallas PD officers, 1 security guard shot at Home Depot in north Dalla; 08/03/2018 – BECERRA SAYS SETTLEMENT ALSO RESOLVES ALLEGATIONS THAT HOME DEPOT THREW OUT CUSTOMER RECORDS WITHOUT FIRST RENDERING PERSONAL INFORMATION UNREADABLE; 24/04/2018 – The Jerusalem Post: BREAKING Two Dallas police officers, civilian shot at Home Depot, police say; 23/05/2018 – ♫ Reuters Insider – Lowe’s keeps targets despite sales miss; 24/04/2018 – WEAR ABC 3: #BREAKING: An officer-involved shooting at a Home Depot in Dallas has injured two officers and a civilian; 20/04/2018 – The Morning Download: Home Depot CIO Expands Staff as Tech Plays Bigger Role in Business; 24/04/2018 – NBC DFW: #BREAKING – Several police officers are at the scene of a reported shooting near The Home Depot in northeast Dallas…; 15/05/2018 – Cramer: Don’t bail on Home Depot just because of sluggish spring sales; 22/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Looking for details on the path of interest rate hikes

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: 247Wallst.com which released: “Procter & Gamble Still the Dow’s Worst-Performing Stock” on June 02, 2018, also Fool.com with their article: “3 Terrible Reasons to Buy Procter & Gamble” published on May 25, 2018, 247Wallst.com published: “Procter & Gamble Now at 5 Weeks as Dow’s Worst Performing Stock” on May 19, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Livetradingnews.com and their article: “The Procter & Gamble Company (NYSE:PG) Encouraging Extending Gains” published on May 29, 2018 as well as Seekingalpha.com‘s news article titled: “Lanny’s Recent Stock Purchase – Procter & Gamble” with publication date: June 09, 2018.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on July, 26. They expect $0.91 earnings per share, up 7.06% or $0.06 from last year’s $0.85 per share. PG’s profit will be $2.29 billion for 21.26 P/E if the $0.91 EPS becomes a reality. After $1.00 actual earnings per share reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts -9.00% negative EPS growth.

Since February 15, 2018, it had 0 insider buys, and 10 insider sales for $8.44 million activity. Shares for $317,221 were sold by Skoufalos Ioannis on Tuesday, May 15. Moeller Jon R had sold 5,300 shares worth $410,266 on Tuesday, May 15. 9,005 shares were sold by Posada Juan Fernando, worth $739,189. Pritchard Marc S. sold $668,179 worth of stock or 8,502 shares. Giovanni Ciserani also sold $931,536 worth of The Procter & Gamble Company (NYSE:PG) on Tuesday, May 15. Shares for $149,130 were sold by Bishop Steven D.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.11, from 0.89 in 2017Q4. It dropped, as 71 investors sold PG shares while 786 reduced holdings. 112 funds opened positions while 556 raised stakes. 1.51 billion shares or 2.21% more from 1.47 billion shares in 2017Q4 were reported. Segall Bryant Hamill has invested 0.26% in The Procter & Gamble Company (NYSE:PG). International invested 1.8% in The Procter & Gamble Company (NYSE:PG). Bingham Osborn And Scarborough Limited Company, a California-based fund reported 123,559 shares. Walleye Trading Limited Com holds 40,919 shares or 0.02% of its portfolio. L S Advsrs Inc reported 0.35% in The Procter & Gamble Company (NYSE:PG). Budros Ruhlin & Roe owns 31,345 shares. Ameriprise Fincl Inc has 5.60 million shares for 0.2% of their portfolio. Macguire Cheswick And Tuttle Invest Counsel Ltd Liability Com has invested 1.32% of its portfolio in The Procter & Gamble Company (NYSE:PG). 15,464 were reported by Tokio Marine Asset Ltd. Somerset Tru owns 0.56% invested in The Procter & Gamble Company (NYSE:PG) for 13,708 shares. Peoples Fincl Svcs Corp owns 65,465 shares for 2.97% of their portfolio. Moreover, Harvey Inv Co Ltd Co has 0.87% invested in The Procter & Gamble Company (NYSE:PG). First Commonwealth Finance Corporation Pa stated it has 7,975 shares or 0.67% of all its holdings. Ckw Financial Gru stated it has 0.01% of its portfolio in The Procter & Gamble Company (NYSE:PG). Estabrook Cap reported 70,244 shares.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Proctor & Gamble had 90 analyst reports since August 4, 2015 according to SRatingsIntel. Pritchard Capital maintained the stock with “Sell” rating in Wednesday, August 19 report. The stock of The Procter & Gamble Company (NYSE:PG) has “Strong-Buy” rating given on Friday, August 7 by Vetr. The stock of The Procter & Gamble Company (NYSE:PG) has “Hold” rating given on Monday, September 18 by Stifel Nicolaus. RBC Capital Markets maintained the shares of PG in report on Tuesday, September 5 with “Hold” rating. The company was downgraded on Thursday, December 22 by Suntrust Robinson. The rating was maintained by SunTrust with “Hold” on Thursday, April 19. The rating was maintained by Jefferies with “Buy” on Wednesday, April 19. On Monday, January 9 the stock rating was downgraded by Goldman Sachs to “Sell”. UBS maintained the shares of PG in report on Wednesday, January 27 with “Neutral” rating. The stock of The Procter & Gamble Company (NYSE:PG) has “Buy” rating given on Thursday, August 17 by Jefferies.

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Benzinga.com which released: “Tariff Troubles: Focus Turns Back To Possible Trade War, Bringing Pressure” on June 15, 2018, also Seekingalpha.com with their article: “The Home Depot, Inc. Dividend Stock Analysis” published on June 07, 2018, Seekingalpha.com published: “Here’s Why Some Analysts Are Getting It Wrong With Home Depot” on June 07, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Seekingalpha.com and their article: “JC Penney’s Turnaround Story Appears Bleak” published on June 15, 2018 as well as Bizjournals.com‘s news article titled: “Tesla drops partnership with Home Depot” with publication date: June 13, 2018.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.06, from 0.93 in 2017Q4. It dived, as 72 investors sold HD shares while 666 reduced holdings. 116 funds opened positions while 523 raised stakes. 772.16 million shares or 2.08% less from 788.59 million shares in 2017Q4 were reported. Summit Asset Mgmt Ltd accumulated 1,377 shares or 0.12% of the stock. Hoertkorn Richard Charles owns 39,310 shares or 4.32% of their US portfolio. Bamco Inc holds 0.21% or 261,196 shares. Weik Mgmt has invested 1.47% of its portfolio in The Home Depot, Inc. (NYSE:HD). Capstone Financial Advsr holds 1,568 shares or 0.09% of its portfolio. Moreover, Umb Comml Bank N A Mo has 1.22% invested in The Home Depot, Inc. (NYSE:HD). Envestnet Asset holds 0.05% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 99,574 shares. Hl Fincl Ltd Liability holds 4.05% in The Home Depot, Inc. (NYSE:HD) or 1.28 million shares. Teacher Retirement Of Texas holds 655,100 shares. Hanson & Doremus Inv Mgmt owns 0.06% invested in The Home Depot, Inc. (NYSE:HD) for 1,037 shares. Argent stated it has 49,445 shares. The Georgia-based Synovus Financial Corp has invested 0.67% in The Home Depot, Inc. (NYSE:HD). Amica Pension Fund Board Of Trustees owns 42,165 shares. Azimuth Cap Mngmt Ltd holds 78,842 shares or 1.03% of its portfolio. Federated Investors Pa reported 504,306 shares.

Wellington Shields Capital Management Llc, which manages about $901.02M and $661.54 million US Long portfolio, decreased its stake in Cvs Health Corporation (NYSE:CVS) by 40,011 shares to 21,850 shares, valued at $1.36 million in 2018Q1, according to the filing. It also reduced its holding in Broadridge Financial Solutions (NYSE:BR) by 7,195 shares in the quarter, leaving it with 9,783 shares, and cut its stake in Medtronic Plc (NYSE:MDT).

Since February 21, 2018, it had 3 buys, and 7 insider sales for $46.42 million activity. $3.31M worth of The Home Depot, Inc. (NYSE:HD) was sold by Decker Edward P.. 45,549 shares valued at $8.51 million were sold by HOLIFIELD MARK on Wednesday, May 16. Roseborough Teresa Wynn also sold $3.21 million worth of The Home Depot, Inc. (NYSE:HD) shares. CODINA ARMANDO M also bought $1.19 million worth of The Home Depot, Inc. (NYSE:HD) on Friday, March 2. Another trade for 113,687 shares valued at $20.89 million was sold by Menear Craig A. BRENNEMAN GREGORY D bought 16,827 shares worth $3.00 million.

Among 36 analysts covering The Home Depot Inc. (NYSE:HD), 25 have Buy rating, 0 Sell and 11 Hold. Therefore 69% are positive. The Home Depot Inc. had 120 analyst reports since August 19, 2015 according to SRatingsIntel. Argus Research maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, November 15 with “Buy” rating. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, September 13. On Wednesday, February 21 the stock rating was maintained by Citigroup with “Buy”. As per Tuesday, October 3, the company rating was initiated by Gordon Haskett Capital Corporation. The company was maintained on Friday, June 23 by Jefferies. The firm earned “Mkt Perform” rating on Monday, February 6 by Bernstein. As per Monday, December 4, the company rating was maintained by Telsey Advisory Group. The firm has “Buy” rating given on Monday, October 30 by RBC Capital Markets. Credit Suisse maintained the stock with “Buy” rating in Wednesday, November 29 report. As per Friday, August 14, the company rating was maintained by Longbow.

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

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