Moneta Group Investment Advisors LLC Has Cut Holding in Lowes Cos INC Com (LOW) as Share Price Declined

April 22, 2018 - By Clifton Ray

Lowe's Companies, Inc. (NYSE:LOW) LogoInvestors sentiment decreased to 1.01 in Q4 2017. Its down 0.03, from 1.04 in 2017Q3. It turned negative, as 48 investors sold LOW shares while 437 reduced holdings. 138 funds opened positions while 351 raised stakes. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. Hartline has 15,350 shares for 0.39% of their portfolio. Moreover, Alpha Cubed Investments Lc has 0.07% invested in Lowe's Companies, Inc. (NYSE:LOW) for 5,405 shares. Country State Bank reported 0% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Greylin Inv Mangement accumulated 22,904 shares or 0.46% of the stock. Baystate Wealth Lc has 1,569 shares for 0.02% of their portfolio. Td Cap Management Limited Liability Com accumulated 836 shares or 0.02% of the stock. Thompson Siegel Walmsley Lc holds 0.02% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 21,010 shares. Violich Capital Mgmt holds 14,756 shares or 0.35% of its portfolio. Franklin Street Advisors Nc has invested 0.07% in Lowe's Companies, Inc. (NYSE:LOW). Pacific Inv reported 0.52% stake. Of Virginia Lc stated it has 20,685 shares. Weiss Multi has invested 0.02% in Lowe's Companies, Inc. (NYSE:LOW). Independent Incorporated reported 13,800 shares or 0.5% of all its holdings. Jefferies Gp Lc holds 0.01% or 29,497 shares in its portfolio. 7,347 are held by Intrust Bancorp Na.

Moneta Group Investment Advisors Llc decreased its stake in Lowes Cos Inc Com (LOW) by 68.45% based on its latest 2017Q4 regulatory filing with the SEC. Moneta Group Investment Advisors Llc sold 87,613 shares as the company’s stock declined 5.74% with the market. The institutional investor held 40,391 shares of the consumer services company at the end of 2017Q4, valued at $3.75M, down from 128,004 at the end of the previous reported quarter. Moneta Group Investment Advisors Llc who had been investing in Lowes Cos Inc Com for a number of months, seems to be less bullish one the $69.05 billion market cap company. The stock decreased 1.48% or $1.26 during the last trading session, reaching $83.62. About 7.57M shares traded or 3.88% up from the average. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since April 22, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on May, 23. They expect $1.29 earnings per share, up 25.24 % or $0.26 from last year’s $1.03 per share. LOW’s profit will be $1.07B for 16.21 P/E if the $1.29 EPS becomes a reality. After $0.74 actual earnings per share reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 74.32 % EPS growth.

Lowe's Companies, Inc. (NYSE:LOW) Ratings Coverage

Among 22 analysts covering Lowe’s (NYSE:LOW), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Lowe’s had 41 analyst reports since October 30, 2017 according to SRatingsIntel. As per Monday, November 27, the company rating was upgraded by Raymond James. Jefferies maintained the stock with “Hold” rating in Friday, November 10 report. The firm earned “Buy” rating on Tuesday, November 7 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Friday, December 22 with “Buy”. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by Barclays Capital on Friday, January 5. Jefferies upgraded Lowe's Companies, Inc. (NYSE:LOW) on Monday, February 5 to “Buy” rating. As per Tuesday, January 16, the company rating was maintained by Credit Suisse. The rating was maintained by Piper Jaffray on Wednesday, November 22 with “Hold”. The firm has “Outperform” rating by Telsey Advisory Group given on Thursday, January 25. The rating was downgraded by Atlantic Securities on Tuesday, November 28 to “Neutral”.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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