Home Depot Stake Reduced as Raiffeisen Cuts Holdings
Raiffeisen Bank International AG has reduced its stake in Home Depot, Inc. (NYSE:HD) by 6.3% in the second quarter, according to its most recent 13F filing with the SEC.
The firm owned 177,769 shares of The Home Depot's stock after selling 11,973 shares during the period. Raiffeisen Bank International AG's holdings in Home Depot were worth $62,364,000 at the end of the most recent quarter.
Several other hedge funds and institutional investors have also added to or reduced their stakes in HD. BlackRock Inc. bought a new stake in Home Depot in the second quarter valued at $28,771,247,000. Bank of America Corp DE bought a new stake in Home Depot during the second quarter worth approximately $5,780,468,000.
Home Depot has reported solid home-improvement sales, suggesting demand for repairs and larger projects remains healthier than spending at some value-oriented retailers. The company's revenue for the quarter was up 5.7% on a year-over-year basis.