Wright Investors Service Inc buys $4,164,431 stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Wright Investors Service Inc scooped up 2,802 additional shares in Home Depot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 30,384 shares of Home Depot Inc which is valued at $4,164,431.Home Depot Inc makes up approximately 1.66% of Wright Investors Service Inc’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management reduced its stake in HD by selling 5,741 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 411,048 shares of HD which is valued at $56,338,239. Home Depot Inc makes up approx 2.43% of Evercore Wealth Management’s portfolio.Essex Investment Management Co reduced its stake in HD by selling 1,030 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 36,896 shares of HD which is valued at $5,029,294. Home Depot Inc makes up approx 0.80% of Essex Investment Management Co’s portfolio.Papp L Roy Associates reduced its stake in HD by selling 170 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 9,815 shares of HD which is valued at $1,337,883. Home Depot Inc makes up approx 0.30% of Papp L Roy Associates’s portfolio.Shell Asset Management Co boosted its stake in HD in the latest quarter, The investment management firm added 39,559 additional shares and now holds a total of 288,587 shares of Home Depot Inc which is valued at $39,337,294. Home Depot Inc makes up approx 0.91% of Shell Asset Management Co’s portfolio.Capital Insight Partners boosted its stake in HD in the latest quarter, The investment management firm added 6,188 additional shares and now holds a total of 15,570 shares of Home Depot Inc which is valued at $2,091,674. Home Depot Inc makes up approx 1.97% of Capital Insight Partners’s portfolio.

Home Depot Inc closed down -1.01 points or -0.74% at $136.05 with 38,02,914 shares getting traded on Thursday. Post opening the session at $135.79, the shares hit an intraday low of $135.46 and an intraday high of $137.2 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Home Depot Inc reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 17, 2016. Analyst had a consensus of $1.35. The company had revenue of $22762.00 million for the quarter, compared to analysts expectations of $22389.43 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.Nomura Upgraded Home Depot Inc on Jun 23, 2016 to ” Buy”, Price Target of the shares are set at $155.Topeka Capital Markets Initiated Home Depot Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $158.

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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