Pinnacle Wealth Management Advisory Group buys $1.2 Million stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Pinnacle Wealth Management Advisory Group scooped up 840 additional shares in Home Depot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 9,160 shares of Home Depot Inc which is valued at $1.2 Million.Home Depot Inc makes up approximately 1.08% of Pinnacle Wealth Management Advisory Group’s portfolio.

Other Hedge Funds, Including , Spectrum Advisory Services Inc reduced its stake in HD by selling 50 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 38,185 shares of HD which is valued at $5.1 Million. Home Depot Inc makes up approx 2.00% of Spectrum Advisory Services Inc’s portfolio.Trilogy Global Advisors Lp reduced its stake in HD by selling 11,360 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 277,625 shares of HD which is valued at $37 Million. Home Depot Inc makes up approx 1.06% of Trilogy Global Advisors Lp’s portfolio. West Coast Financial added HD to its portfolio by purchasing 1,504 company shares during the most recent quarter which is valued at $204,093. Home Depot Inc makes up approx 0.08% of West Coast Financial’s portfolio.Cribstone Capital Management boosted its stake in HD in the latest quarter, The investment management firm added 1,130 additional shares and now holds a total of 4,885 shares of Home Depot Inc which is valued at $662,895. Home Depot Inc makes up approx 0.54% of Cribstone Capital Management’s portfolio.Trust Co Of Vermont reduced its stake in HD by selling 170 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 42,460 shares of HD which is valued at $5.7 Million. Home Depot Inc makes up approx 0.79% of Trust Co Of Vermont’s portfolio.

Home Depot Inc opened for trading at $131.89 and hit $133.06 on the upside on Friday, eventually ending the session at $131.85, with a gain of 0.09% or 0.12 points. The heightened volatility saw the trading volume jump to 50,89,786 shares. Company has a market cap of $165,202 M.

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. Company shares were Reiterated by Deutsche Bank on May 18, 2016 to “Buy”, Firm has raised the Price Target to $ 143 from a previous price target of $135 .Company shares were Reiterated by Telsey Advisory Group on May 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 150 from a previous price target of $148 .Barclays Initiated Home Depot Inc on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $150.

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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