Grassi Investment Management Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Grassi Investment Management reduced its stake in Home Depot Inc by 0.28% during the most recent quarter end. The investment management company now holds a total of 59,933 shares of Home Depot Inc which is valued at $8,091,554 after selling 168 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Home Depot Inc makes up approximately 1.58% of Grassi Investment Management’s portfolio.

Home Depot Inc opened for trading at $134.41 and hit $135.275 on the upside on Friday, eventually ending the session at $135.01, with a gain of 0.48% or 0.64 points. The heightened volatility saw the trading volume jump to 35,08,913 shares. Company has a market cap of $169,161 M.

Other Hedge Funds, Including , Newman Dignan Sheerar boosted its stake in HD in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 3,830 shares of Home Depot Inc which is valued at $517,088. Home Depot Inc makes up approx 0.37% of Newman Dignan Sheerar’s portfolio.Edge Wealth Management boosted its stake in HD in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 1,146 shares of Home Depot Inc which is valued at $152,429. Home Depot Inc makes up approx 0.07% of Edge Wealth Management’s portfolio.Chevy Chase Trust Holdings boosted its stake in HD in the latest quarter, The investment management firm added 23,342 additional shares and now holds a total of 1,095,720 shares of Home Depot Inc which is valued at $145,741,717. Home Depot Inc makes up approx 0.84% of Chevy Chase Trust Holdings’s portfolio.Pensionfund Dsm Netherlands reduced its stake in HD by selling 5,500 shares or 8.15% in the most recent quarter. The Hedge Fund company now holds 62,000 shares of HD which is valued at $8,246,620. Home Depot Inc makes up approx 1.12% of Pensionfund Dsm Netherlands’s portfolio.Pensionfund Sabic reduced its stake in HD by selling 3,300 shares or 10.15% in the most recent quarter. The Hedge Fund company now holds 29,200 shares of HD which is valued at $3,883,892. Home Depot Inc makes up approx 1.19% of Pensionfund Sabic’s portfolio.

On the company’s financial health, Home Depot Inc reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $1.10. The company had revenue of $20980.00 million for the quarter, compared to analysts expectations of $20396.59 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Barclays Initiated Home Depot Inc on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $150.Home Depot Inc was Upgraded by Deutsche Bank to ” Buy” on Jan 25, 2016.

The Home Depot Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials home improvement products and lawn and garden products and provide services. The Home Depot stores average approximately 104000 square feet of enclosed space with approximately 24000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers do-it-for-me (DIFM) customers and professional customers. As of December 31 2014 the Company had 2269 The Home Depot stores which included 1977 stores in the United States including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; 181 stores in Canada and 111 stores in Mexico.

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