Amf Pensionsforsakring Ab Position in Lowes Cos INC (LOW) Has Lowered as Share Price Declined

July 13, 2018 - By Patrick Harkless

Lowe's Companies, Inc. (NYSE:LOW) LogoInvestors sentiment decreased to 0.81 in Q1 2018. Its down 0.20, from 1.01 in 2017Q4. It turned negative, as 72 investors sold LOW shares while 482 reduced holdings. 116 funds opened positions while 331 raised stakes. 587.47 million shares or 0.28% more from 585.84 million shares in 2017Q4 were reported. Altavista Wealth Management has invested 2.04% in Lowe's Companies, Inc. (NYSE:LOW). The Tennessee-based Barnett & Com has invested 0.19% in Lowe's Companies, Inc. (NYSE:LOW). Huntington National Bank & Trust reported 201,182 shares. Ironwood Fincl Ltd Limited Liability Company holds 200 shares. Raymond James & Assoc accumulated 722,596 shares. Korea Investment Corp stated it has 990,073 shares. Cypress Asset Inc Tx has invested 0.93% in Lowe's Companies, Inc. (NYSE:LOW). Water Island Limited Com holds 40,000 shares or 0.14% of its portfolio. First Allied Advisory Services Inc invested 0.09% in Lowe's Companies, Inc. (NYSE:LOW). Brown Brothers Harriman reported 24,868 shares stake. D E Shaw & reported 8.64M shares. Hall Laurie J Trustee holds 0.06% or 1,100 shares. One Association holds 0.05% or 8,200 shares in its portfolio. Alpha Cubed Invests Ltd Limited Liability Company invested in 0.06% or 5,299 shares. Mitchell Mcleod Pugh And Williams accumulated 9,294 shares.

Since June 8, 2018, it had 0 insider purchases, and 1 insider sale for $1.23 million activity.

Amf Pensionsforsakring Ab decreased its stake in Lowes Cos Inc (LOW) by 4.32% based on its latest 2018Q1 regulatory filing with the SEC. Amf Pensionsforsakring Ab sold 57,724 shares as the company’s stock declined 0.84% with the market. The institutional investor held 1.28M shares of the consumer services company at the end of 2018Q1, valued at $112.08M, down from 1.34M at the end of the previous reported quarter. Amf Pensionsforsakring Ab who had been investing in Lowes Cos Inc for a number of months, seems to be less bullish one the $81.55B market cap company. The stock increased 1.65% or $1.6185 during the last trading session, reaching $99.9185. About 3.40M shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 18.89% since July 13, 2017 and is uptrending. It has outperformed by 6.32% the S&P500.

Amf Pensionsforsakring Ab, which manages about $9.61 billion US Long portfolio, upped its stake in Amgen Inc (NASDAQ:AMGN) by 37,039 shares to 674,539 shares, valued at $115.00M in 2018Q1, according to the filing. It also increased its holding in Sun Life Finl Inc (NYSE:SLF) by 94,937 shares in the quarter, for a total of 379,440 shares, and has risen its stake in Lam Research Corp (NASDAQ:LRCX).

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on August, 22. They expect $2.01 EPS, up 28.03 % or $0.44 from last year’s $1.57 per share. LOW’s profit will be $1.64 billion for 12.43 P/E if the $2.01 EPS becomes a reality. After $1.19 actual EPS reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 68.91 % EPS growth.

More recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Seekingalpha.com which released: “New CEO at Lowe’s charges out of the gate” on July 10, 2018. Also Streetinsider.com published the news titled: “Lowe’s (LOW) PT Raised to $140 at Oppenheimer; ‘Stars are Aligning'” on July 13, 2018. Fool.com‘s news article titled: “Why JC Penney Investors Should Be Wary of its CEO Search” with publication date: July 13, 2018 was also an interesting one.

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

Among 20 analysts covering Lowe’s (NYSE:LOW), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Lowe’s had 26 analyst reports since January 16, 2018 according to SRatingsIntel. The company was maintained on Friday, January 26 by UBS. The rating was maintained by RBC Capital Markets with “Buy” on Friday, February 2. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by Jefferies on Monday, February 5. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by Stifel Nicolaus on Wednesday, January 24. On Thursday, March 1 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Market Perform” rating by BMO Capital Markets on Friday, March 2. As per Tuesday, January 16, the company rating was maintained by Credit Suisse. The company was upgraded on Thursday, January 25 by Telsey Advisory Group. The company was maintained on Tuesday, May 22 by Robert W. Baird. The firm has “Buy” rating by Telsey Advisory given on Thursday, March 1.

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

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