Alpha Omega Wealth Management buys $82,666 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Alpha Omega Wealth Management scooped up 135 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,087 shares of Lowe's Companies which is valued at $82,666.Lowe's Companies makes up approximately 0.07% of Alpha Omega Wealth Management’s portfolio.

Lowe's Companies opened for trading at $76.49 and hit $77.23 on the upside on Wednesday, eventually ending the session at $76.94, with a gain of 0.81% or 0.62 points. The heightened volatility saw the trading volume jump to 32,45,778 shares. Company has a market cap of $69,049 M.

Other Hedge Funds, Including , Legacy Private Trust reduced its stake in LOW by selling 391 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 64,912 shares of LOW which is valued at $4,936,558. Lowe's Companies makes up approx 0.74% of Legacy Private Trust’s portfolio.Bridge Creek Capital Management reduced its stake in LOW by selling 600 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 38,100 shares of LOW which is valued at $2,945,511. Lowe's Companies makes up approx 1.70% of Bridge Creek Capital Management’s portfolio.Webster Bank N. A. boosted its stake in LOW in the latest quarter, The investment management firm added 1,299 additional shares and now holds a total of 8,093 shares of Lowe's Companies which is valued at $625,670. Lowe's Companies makes up approx 0.10% of Webster Bank N. A.’s portfolio.Lowe Fs boosted its stake in LOW in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 5 shares of Lowe's Companies which is valued at $387.Triangle Securities Wealth Management reduced its stake in LOW by selling 605 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 37,727 shares of LOW which is valued at $2,835,184. Lowe's Companies makes up approx 1.86% of Triangle Securities Wealth Management’s portfolio.

On the company’s financial health, Lowe's Companies reported $0.59 EPS for the quarter, based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus estimate of $0.59. The company had revenue of $13236.00 million for the quarter, compared to analysts expectations of $13071.83 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Lowe's Companies. Barclays Initiated Lowe's Companies on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $85.

Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.

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