Beaumont Financial Partners adds Lowe's Companies (LOW) to its portfolio

Lowe's Companies (LOW) : Beaumont Financial Partners added new position in Lowe's Companies during the most recent quarter end. The investment management firm now holds 65,588 shares of Lowe's Companies which is valued at $5,359,851 , the company said in a statement filed on Aug 10, 2016 with the SEC.Lowe's Companies makes up approximately 0.85% of Beaumont Financial Partners’s portfolio.

Other Hedge Funds, Including , Highpoint Advisor Group boosted its stake in LOW in the latest quarter, The investment management firm added 6,142 additional shares and now holds a total of 9,035 shares of Lowe's Companies which is valued at $738,340. Lowe's Companies makes up approx 0.26% of Highpoint Advisor Group’s portfolio.Bradley Foster Sargent Incct reduced its stake in LOW by selling 3,725 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 130,393 shares of LOW which is valued at $10,642,677. Lowe's Companies makes up approx 0.47% of Bradley Foster Sargent Incct’s portfolio.Cable Hill Partners reduced its stake in LOW by selling 85 shares or 11.72% in the most recent quarter. The Hedge Fund company now holds 640 shares of LOW which is valued at $52,301. Lowe's Companies makes up approx 0.03% of Cable Hill Partners’s portfolio.

Lowe's Companies opened for trading at $76.32 and hit $77.87 on the upside on Friday, eventually ending the session at $77.82, with a gain of 1.82% or 1.39 points. The heightened volatility saw the trading volume jump to 64,91,184 shares. Company has a market cap of $68,957 M.

On the company’s financial health, Lowe's Companies reported $1.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $1.42. The company had revenue of $18260.00 million for the quarter, compared to analysts expectations of $18420.50 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

Many Wall Street Analysts have commented on Lowe's Companies. Stifel Resumed Lowe's Companies on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $100.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.

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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