Alecta Unloads Home Depot Stake Amid Analyst Expectations

Alecta Tjanstepension Omsesidigt recently reduced its stake in Home Depot by selling 186,400 shares during the second quarter. This move lowered their position in the home improvement retailer by 46.0%, according to a recent filing with the SEC.

The fund owned 219,100 shares of Home Depot's stock after the sale, valued at $77,193,000 as of its most recent filing. Other institutional investors have also been actively buying and selling Home Depot shares, including Norges Bank and Wellington Management Group LLP.

A number of analysts have weighed in on Home Depot recently, with some predicting strong earnings results for the company's upcoming quarterly report. Wall Street analysts expect approximately $4.72, $4.73 in earnings per share and $47.2, $47.4 billion in revenue.