First United Bank Trust buys $2,707,106 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : First United Bank Trust scooped up 139 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 33,155 shares of Lowe's Companies which is valued at $2,707,106.Lowe's Companies makes up approximately 2.29% of First United Bank Trust’s portfolio.

Other Hedge Funds, Including , Gofen Glossberg Il boosted its stake in LOW in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 23,004 shares of Lowe's Companies which is valued at $1,878,277. Lowe's Companies makes up approx 0.08% of Gofen Glossberg Il’s portfolio.Benin Management Corp reduced its stake in LOW by selling 25 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 12,280 shares of LOW which is valued at $1,002,662. Lowe's Companies makes up approx 0.51% of Benin Management Corp’s portfolio.Abner Herrman Brock boosted its stake in LOW in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 87,128 shares of Lowe's Companies which is valued at $7,114,001. Lowe's Companies makes up approx 1.64% of Abner Herrman Brock’s portfolio.Atria Investments reduced its stake in LOW by selling 554 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 11,283 shares of LOW which is valued at $921,257. Lowe's Companies makes up approx 0.10% of Atria Investments’s portfolio.Forte Capital Adv reduced its stake in LOW by selling 479 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 58,644 shares of LOW which is valued at $4,788,283. Lowe's Companies makes up approx 1.80% of Forte Capital Adv’s portfolio.

Lowe's Companies opened for trading at $81.89 and hit $82.51 on the upside on Monday, eventually ending the session at $81.92, with a gain of 0.74% or 0.6 points. The heightened volatility saw the trading volume jump to 37,27,951 shares. Company has a market cap of $72,590 M.

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.

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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