Forte Capital Adv Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Forte Capital Adv reduced its stake in Lowe's Companies by 0.81% during the most recent quarter end. The investment management company now holds a total of 58,644 shares of Lowe's Companies which is valued at $4,788,283 after selling 479 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Lowe's Companies makes up approximately 1.80% of Forte Capital Adv’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in LOW by selling 13,865 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 761,909 shares of LOW which is valued at $62,735,587. Lowe's Companies makes up approx 0.34% of Chevy Chase Trust Holdings’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in LOW by selling 150 shares or 3.49% in the most recent quarter. The Hedge Fund company now holds 4,142 shares of LOW which is valued at $341,052. Lowe's Companies makes up approx 0.10% of First National Bank Trust Co Of Newtown’s portfolio.Boltwood Capital Management boosted its stake in LOW in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 30,270 shares of Lowe's Companies which is valued at $2,404,043. Lowe's Companies makes up approx 2.01% of Boltwood Capital Management’s portfolio.Stock Yards Bank Trust Co boosted its stake in LOW in the latest quarter, The investment management firm added 10,145 additional shares and now holds a total of 22,765 shares of Lowe's Companies which is valued at $1,807,996. Lowe's Companies makes up approx 0.24% of Stock Yards Bank Trust Co’s portfolio.

Lowe's Companies closed down -1.29 points or -1.56% at $81.65 with 54,05,703 shares getting traded on Wednesday. Post opening the session at $82.9, the shares hit an intraday low of $81.2901 and an intraday high of $82.9 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Lowe's Companies reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $15234.00 million for the quarter, compared to analysts expectations of $14876.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on May 27, 2016, Lowe's Companies announced a cash dividend of $0.3500. The company’s management has announced Jul 18, 2016 as the ex-dividend date and fixed the record date on Jul 20, 2016. The payable date has been fixed on Aug 3, 2016.

Many Wall Street Analysts have commented on Lowe's Companies. Company shares were Reiterated by Morgan Stanley on Jun 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .Topeka Capital Markets Initiated Lowe's Companies on May 24, 2016 to “Hold”, Price Target of the shares are set at $75.Company shares were Reiterated by RBC Capital Mkts on May 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $86 .

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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