Office Depot Inc (ODP) : Waldron Lp reduced its stake in Office Depot Inc by 0.17% during the most recent quarter end. The investment management company now holds a total of 221,800 shares of Office Depot Inc which is valued at $805,134 after selling 372 shares in Office Depot Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Office Depot Inc makes up approximately 0.29% of Waldron Lp’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in ODP in the latest quarter, The investment management firm added 542,514 additional shares and now holds a total of 17,030,371 shares of Office Depot Inc which is valued at $60,968,728. Office Depot Inc makes up approx 0.03% of Dimensional Fund Advisors Lp’s portfolio. Fny Managed Accounts sold out all of its stake in ODP during the most recent quarter. The investment firm sold 4,000 shares of ODP which is valued $14,440.Candriam Luxembourg S.c.a. boosted its stake in ODP in the latest quarter, The investment management firm added 101,000 additional shares and now holds a total of 411,385 shares of Office Depot Inc which is valued at $1,485,100. Office Depot Inc makes up approx 0.04% of Candriam Luxembourg S.c.a.’s portfolio.Gemmer Asset Management reduced its stake in ODP by selling 290 shares or 25.26% in the most recent quarter. The Hedge Fund company now holds 858 shares of ODP which is valued at $2,977.
Office Depot Inc closed down -0.26 points or -6.88% at $3.52 with 1,10,47,495 shares getting traded on Wednesday. Post opening the session at $3.75, the shares hit an intraday low of $3.5 and an intraday high of $3.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Office Depot Inc reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.06. The company had revenue of $3218.00 million for the quarter, compared to analysts expectations of $3208.70 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.
Investors should note that on Aug 3, 2016, Office Depot Inc announced a cash dividend of $0.0250. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.
Office Depot Inc. is a supplier of office products and services. The Company sells products and services to consumers through three segments: North American Retail Division North American Business Solutions Division and International Division. The North American Retail Division sells an assortment of merchandise through its chain of office supply stores throughout the United States including Puerto Rico and the U.S. Virgin Islands. The North American Business Solutions Division sells office supplies technology products cleaning and breakroom supplies office furniture certain services and other solutions to customers. The International Division sells office products and services through direct mail catalogs contract sales forces Internet sites and retail stores. The Company also operates a network of distribution centers (DC) and crossdock facilities across the United States Puerto Rico and Canada.