National Pension Service buys $45,225,564 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : National Pension Service scooped up 64,294 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 553,421 shares of Lowe's Companies which is valued at $45,225,564.Lowe's Companies makes up approximately 0.39% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in LOW by selling 112,019 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 7,157,830 shares of LOW which is valued at $584,937,868. Lowe's Companies makes up approx 0.43% of Tiaa Cref Investment Management’s portfolio.Cetera Advisor Networks reduced its stake in LOW by selling 2,435 shares or 5.85% in the most recent quarter. The Hedge Fund company now holds 39,167 shares of LOW which is valued at $3,200,727. Lowe's Companies makes up approx 0.18% of Cetera Advisor Networks’s portfolio. Harfst Associates sold out all of its stake in LOW during the most recent quarter. The investment firm sold 2,688 shares of LOW which is valued $219,663.Middleton Co Incma reduced its stake in LOW by selling 1,414 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 152,887 shares of LOW which is valued at $12,330,337. Lowe's Companies makes up approx 2.73% of Middleton Co Incma’s portfolio.

Lowe's Companies opened for trading at $77.84 and hit $78 on the upside on Tuesday, eventually ending the session at $77.3, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 32,52,557 shares. Company has a market cap of $68,496 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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