Homrich & Berg Upped By $479,960 Its Apple (AAPL) Position; Office Depot (ODP)’s Sentiment Is 0.97

April 24, 2018 - By Lawrence Diaz

Office Depot, Inc. (NASDAQ:ODP) Logo

Homrich & Berg increased Apple Inc (AAPL) stake by 3.66% reported in 2017Q4 SEC filing. Homrich & Berg acquired 2,840 shares as Apple Inc (AAPL)’s stock declined 3.81%. The Homrich & Berg holds 80,476 shares with $13.62 million value, up from 77,636 last quarter. Apple Inc now has $836.05B valuation. The stock decreased 0.28% or $0.4695 during the last trading session, reaching $164.7705. About 10.32 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 24, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Office Depot Inc (ODP) investors sentiment increased to 0.97 in Q4 2017. It’s up 0.10, from 0.87 in 2017Q3. The ratio is more positive, as 111 hedge funds started new and increased positions, while 114 cut down and sold their equity positions in Office Depot Inc. The hedge funds in our database now own: 486.57 million shares, up from 461.44 million shares in 2017Q3. Also, the number of hedge funds holding Office Depot Inc in top ten positions increased from 1 to 2 for an increase of 1. Sold All: 32 Reduced: 82 Increased: 71 New Position: 40.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $4,637 activity.

Office Depot, Inc., together with its subsidiaries, supplies office services and products in North America. The company has market cap of $1.23 billion. The firm operates in two divisions, North American Retail and North American Business Solutions. It has a 6.58 P/E ratio. It offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture, as well as copy and print services.

Ratings analysis reveals 0 of Office Depot’s analysts are positive. Out of 2 Wall Street analysts rating Office Depot, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. ODP was included in 2 notes of analysts from October 28, 2016. The stock of Office Depot, Inc. (NASDAQ:ODP) earned “Hold” rating by Loop Capital on Tuesday, December 13. The company was maintained on Friday, October 28 by Telsey Advisory.

Analysts await Office Depot, Inc. (NASDAQ:ODP) to report earnings on May, 8. They expect $0.11 EPS, down 31.25% or $0.05 from last year’s $0.16 per share. ODP’s profit will be $61.16M for 5.01 P/E if the $0.11 EPS becomes a reality. After $0.08 actual EPS reported by Office Depot, Inc. for the previous quarter, Wall Street now forecasts 37.50% EPS growth.

Aristotle Fund L.P. holds 14.16% of its portfolio in Office Depot, Inc. for 4.31 million shares. Lee Thomas H Partners Lp owns 42.50 million shares or 3.79% of their US portfolio. Moreover, Fairpointe Capital Llc has 2.08% invested in the company for 31.12 million shares. The New York-based Glenhill Advisors Llc has invested 1.83% in the stock. Adirondack Research & Management Inc., a New York-based fund reported 772,414 shares.

The stock increased 0.23% or $0.005 during the last trading session, reaching $2.205. About 441,517 shares traded. Office Depot, Inc. (ODP) has declined 52.71% since April 24, 2017 and is downtrending. It has underperformed by 64.26% the S&P500.

Among 54 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 18 Hold. Therefore 65% are positive. Apple Inc. had 400 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Tuesday, April 3. As per Monday, February 5, the company rating was upgraded by Hilliard Lyons. The company was maintained on Wednesday, December 23 by Stifel Nicolaus. The firm earned “Long-Term Buy” rating on Thursday, October 27 by Hilliard Lyons. The stock of Apple Inc. (NASDAQ:AAPL) has “Outperform” rating given on Wednesday, December 23 by FBR Capital. On Tuesday, August 25 the stock rating was maintained by Cowen & Co with “Market Perform”. Maxim Group maintained the stock with “Buy” rating in Wednesday, January 27 report. Credit Suisse maintained it with “Outperform” rating and $150 target in Wednesday, July 27 report. Drexel Hamilton maintained Apple Inc. (NASDAQ:AAPL) rating on Monday, July 31. Drexel Hamilton has “Buy” rating and $20200 target. FBN Securities maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, April 27. FBN Securities has “Outperform” rating and $110 target.

Since December 7, 2017, it had 0 insider buys, and 5 sales for $26.72 million activity. Shares for $6.83M were sold by Maestri Luca on Thursday, April 12. 15,641 shares valued at $2.65M were sold by Riccio Daniel J. on Thursday, December 7. $11.56 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W.

Homrich & Berg decreased Lkq Corp (NASDAQ:LKQ) stake by 25,987 shares to 228,170 valued at $9.28 million in 2017Q4. It also reduced Bank Amer Corp (Put) (NYSE:BAC) stake by 24,630 shares and now owns 3,500 shares. Philip Morris Intl Inc (NYSE:PM) was reduced too.

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It improved, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Farmers & Merchants Invs Inc holds 154,942 shares or 1.91% of its portfolio. Amundi Pioneer Asset Mgmt stated it has 3.45% of its portfolio in Apple Inc. (NASDAQ:AAPL). Connecticut-based Northeast Financial Consultants Incorporated has invested 1.02% in Apple Inc. (NASDAQ:AAPL). Cibc Asset invested in 0.72% or 691,410 shares. Investec Asset invested in 1.11 million shares or 0.77% of the stock. Finance Pro reported 0.2% of its portfolio in Apple Inc. (NASDAQ:AAPL). Putnam Fl Management Co owns 247,139 shares. University Of Notre Dame Du Lac has invested 1.47% in Apple Inc. (NASDAQ:AAPL). Southeast Asset Advsrs stated it has 3.98% of its portfolio in Apple Inc. (NASDAQ:AAPL). The Texas-based Fruth Management has invested 0.8% in Apple Inc. (NASDAQ:AAPL). Todd Asset Management Ltd Com holds 1.17% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 255,843 shares. Murphy Capital accumulated 165,940 shares. Norman Fields Gottscho Mgmt Limited Liability Co holds 37,003 shares or 3.44% of its portfolio. Perella Weinberg Prns Cap LP accumulated 56,775 shares. Hancock Hldgs invested 0.03% of its portfolio in Apple Inc. (NASDAQ:AAPL).

Office Depot, Inc. (NASDAQ:ODP) Institutional Positions Chart

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