Bank Pictet & Cie Europe AG Sells Home Depot Shares Amid Strong Earnings

The Home Depot, Inc.'s $HD shares were sold by Bank Pictet & Cie Europe AG in the second quarter. The firm reduced its holdings in the home improvement retailer's stock by 68.1% during this period.

The company owned 3,042 shares of the stock after selling 6,485 shares. These shares were worth $1,073,000 at the end of the most recent quarter.

This is not an isolated case, as several other large investors have made changes to their positions in HD. Vanguard Group Inc. lifted its holdings in Home Depot by 1.3% during the fourth quarter and now owns 99,635,779 shares valued at $34,284,672,000.

The company reported earnings per share of $4.92 for the second quarter, beating analysts' consensus estimates of $4.73. Revenue rose 5.7% year over year to $47.86 billion, exceeding estimates of roughly $47.2 billion.