Elm Advisors Exits Position in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Elm Advisors has sold out all of its stake in Lowe's Companies during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 2,875 shares of Lowe's Companies which is valued at $201,509.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in LOW by selling 83,301 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 4,140,165 shares of LOW which is valued at $290,184,165. Lowe's Companies makes up approx 0.30% of Legal General Group Plc’s portfolio.First United Bank Trust boosted its stake in LOW in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 33,705 shares of Lowe's Companies which is valued at $2,392,044. Lowe's Companies makes up approx 1.99% of First United Bank Trust’s portfolio.Raymond James Trust N.a. boosted its stake in LOW in the latest quarter, The investment management firm added 258 additional shares and now holds a total of 25,105 shares of Lowe's Companies which is valued at $1,781,702. Lowe's Companies makes up approx 0.15% of Raymond James Trust N.a.’s portfolio.Chevy Chase Trust Holdings reduced its stake in LOW by selling 26,440 shares or 3.47% in the most recent quarter. The Hedge Fund company now holds 735,469 shares of LOW which is valued at $53,137,635. Lowe's Companies makes up approx 0.29% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in LOW by selling 200 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 385,453 shares of LOW which is valued at $27,848,979. Lowe's Companies makes up approx 0.11% of Bnp Paribas Arbitrage Sa’s portfolio.

Lowe's Companies closed down -0.88 points or -1.24% at $70.09 with 49,19,399 shares getting traded on Tuesday. Post opening the session at $70.9, the shares hit an intraday low of $69.97 and an intraday high of $70.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Investors should note that on Aug 19, 2016, Lowe's Companies announced a cash dividend of $0.3500. The company’s management has announced Oct 17, 2016 as the ex-dividend date and fixed the record date on Oct 19, 2016. The payable date has been fixed on Nov 2, 2016.

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.

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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