Alta Capital Management Llc/ 13F: Cuts HD Stake by $4M
Key Points
- Alta Capital Management's cut of 14,040 shares represents a 61.8% decrease in its position, now worth about $2.47 million.
- Alta Capital Management Llc/ held 8,667 $HD shares at quarter end, down 61.83% from the prior quarter.
- The stock recently traded at $319.38, which is about equal to its closing price on the filing date.
- The fund's investment in Home Depot now makes up 0.23% of its total reported portfolio, which is ranked 52 out of 215 positions.
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On October 26, 2026, Alta Capital Management Llc cut its stake in The Home Depot, Inc. (HD) by 14,040 shares, leaving it with 8,667 shares valued at approximately $2.47 million. This information comes from the fund's latest Form 13F filing with the SEC.
HD
The Home Depot, Inc.
What Changed in Alta Capital Management's Home Depot Position
Alta Capital Management reduced its position by 14,040 shares, a 61.8% decrease from the previous count of 22,707 shares. The reported value of this stake after the reduction is about $2.47 million.
Where Home Depot Fits in Alta Capital Management's Portfolio
Home Depot now represents 0.23% of Alta Capital's total reported portfolio, which ranks 52 out of 215 positions.
Other Institutional Activity in Home Depot
Miller Howard Investments opened a new position in Home Depot, acquiring 106,152 shares valued at about $30.2 million. This adds to the institutional interest in the company.
The Home Depot, Inc. Stock Down 0.1%
The stock recently traded at $319.38, about equal to its closing price on October 26, 2026. It is currently above its 50-day moving average by 3.2%, but below its 200-day average by 4.8%.
Recent Earnings
Home Depot reported a trailing twelve-month revenue of $169.18 billion and an earnings per share (EPS) of $14.29. The company is set to announce its next earnings on November 17, 2026.
Dividend
Home Depot pays an annual dividend of $9.32 per share, yielding about 2.92% based on recent prices.
Insider Buying and Selling at The Home Depot, Inc.
Several insiders sold shares earlier in August and September 2026. Richard V. McPhail, the Chief Financial Officer, sold 5,989 shares on August 19, 2026, at an average price of $348.40, totaling about $2.09 million. Other insiders also sold shares during this period.
Analysts Set New Price Targets
On October 26, 2026, Stifel maintained a Hold rating on Home Depot with a price target of $322. This follows several analysts maintaining their ratings earlier in August 2026.
About Home Depot
The Home Depot, Inc. is a leading home improvement retailer that sells building materials, home improvement products, and various services. The company operates stores in the U.S. and internationally, catering to both consumers and professionals.
Bottom Line
Investors should keep an eye on Home Depot's upcoming earnings report on November 17, 2026, and further filings from Alta Capital Management. This recent cut in position may reflect a strategic shift in the fund's investment approach.
Related Filing Alerts
Source: Alta Capital Management Llc/'s 13F filing on $HD (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts