Wealthcare Cuts Stake in Home Depot Amid Ongoing Investor Interest

Wealthcare Advisory Partners LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 20.7% during the second quarter, according to a recent filing with the Securities & Exchange Commission.

The institutional investor owned 41,673 shares of the home improvement retailer's stock after selling 10,902 shares during the period. Wealthcare Advisory Partners LLC's holdings in Home Depot were worth $14,697,000 at the end of the most recent quarter.

This is not an isolated instance; other large investors have also recently bought and sold shares of The Home Depot. Norges Bank acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $4,850,329,000. Wellington Management Group LLP increased its stake in shares of Home Depot by 60.8% during the third quarter.

The company's stock opened at $350.23 on Tuesday, with a market cap of $349.22 billion and a P/E ratio of 24.87. The firm has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.