As Lowes Cos (LOW) Share Price Declined, Carlson Capital LP Cut Its Position; As Union Pac (UNP) Market Value Rose, Estabrook Capital Management Trimmed Its Stake

August 12, 2018 - By William Brooks

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

Carlson Capital LP decreased its stake in Lowes Cos Inc (LOW) by 68.45% based on its latest 2018Q1 regulatory filing with the SEC. Carlson Capital LP sold 232,480 shares as the company’s stock declined 0.84% with the market. The hedge fund held 107,175 shares of the consumer services company at the end of 2018Q1, valued at $9.41M, down from 339,655 at the end of the previous reported quarter. Carlson Capital LP who had been investing in Lowes Cos Inc for a number of months, seems to be less bullish one the $80.24 billion market cap company. The stock decreased 1.63% or $1.63 during the last trading session, reaching $98.31. About 3.07 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 18.89% since August 12, 2017 and is uptrending. It has outperformed by 6.32% the S&P500. Some Historical LOW News: 23/05/2018 – Lowe’s Sees FY EPS $5.40-EPS $5.50; 06/03/2018 – Lowe: Inflation to Rise Gradually Over Time; 11/04/2018 – RBA’S LOWE: “REASONABLE TO EXPECT” ECONOMIC GROWTH IN 2018 WILL BE STRONGER THAN LAST YEAR; 17/04/2018 – SMS Assist Names Becky Lowe as New Chief Human Resources Officer; 11/04/2018 – RBA Gov Lowe: Intensified Trade Tensions a Threat to Global Growth; 11/04/2018 – RBA Gov Lowe: Trade Tensions a Risk for Australian Growth; 18/04/2018 – Mynd Announces Addition Of Scott Lowe To Engineering Team; 26/03/2018 – Investors cheer changing of the guard at Lowe’s; 23/05/2018 – RBA’S LOWE: STILL EARLY DAYS, BUT CHINESE MEASURES ARE HAVING POSITIVE EFFECT ON FINANCIAL SYSTEM; 23/05/2018 – Lowe’s Sees FY Total Sales Up 5%

Estabrook Capital Management decreased its stake in Union Pac Corp (UNP) by 1.75% based on its latest 2018Q1 regulatory filing with the SEC. Estabrook Capital Management sold 2,391 shares as the company’s stock rose 4.52% while stock markets declined. The institutional investor held 133,975 shares of the railroads company at the end of 2018Q1, valued at $18.01 billion, down from 136,366 at the end of the previous reported quarter. Estabrook Capital Management who had been investing in Union Pac Corp for a number of months, seems to be less bullish one the $110.07B market cap company. The stock increased 0.05% or $0.08 during the last trading session, reaching $148.84. About 2.31M shares traded. Union Pacific Corporation (NYSE:UNP) has risen 32.23% since August 12, 2017 and is uptrending. It has outperformed by 19.66% the S&P500. Some Historical UNP News: 10/05/2018 – Union Pacific Corporation Declares Second Quarter 2018 Dividend; 26/03/2018 – Union Pacific Names TRAC Interstar Preferred National Provider Of Emergency Road Service; 11/05/2018 – Van Eck Adds C&J. Energy Services Inc., Exits Union Pacific: 13F; 08/03/2018 – DOT STB: Case Title: ARKEMA INC. V. UNION PACIFIC RAILROAD COMPANY; 07/03/2018 – Cal EMA Spills: SPILL Report – Union Pacific Railroad – 03/07/2018 02:27 PM; 14/05/2018 – Union Pacific Presenting at Bank of America Conference Tomorrow; 21/03/2018 – DOT STB: Case Title: UNION PACIFIC RAILROAD COMPANY — ABANDONMENT EXEMPTION — IN MCLENNAN COUNTY, TX; 30/04/2018 – Union Pacific is Safest U.S. Railroad for Third Consecutive Year; 26/04/2018 – UNION PACIFIC EARNINGS CONFERENCE CALL BEGINS; 06/04/2018 – Union Pacific Expects Charge of $85M Pretax, Or 8c/Shr, on March Redemption of Debentures and Mortgage Bond

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.20, from 1.01 in 2017Q4. It fall, 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. Usca Ria Ltd Co holds 0.12% or 12,519 shares in its portfolio. 1St Source Comml Bank reported 12,042 shares. The Virginia-based Kanawha Cap Mgmt Ltd Llc has invested 2.82% in Lowe's Companies, Inc. (NYSE:LOW). Partners Llc invested in 1.04% or 349,878 shares. Pointstate Cap Limited Partnership accumulated 1.91M shares. Murphy Pohlad Asset Management Ltd Liability Co invested in 1.42% or 23,496 shares. Compton Capital Mngmt Ri has 1.58% invested in Lowe's Companies, Inc. (NYSE:LOW) for 39,821 shares. Violich Cap Mgmt Inc accumulated 0.32% or 13,706 shares. X Mngmt Com Lc invested in 16,156 shares. Suncoast Equity Mgmt reported 2.41% stake. Prospector Prtn Limited Co owns 104,500 shares or 1.34% of their US portfolio. Welch Forbes Ltd reported 0.05% stake. Capital Inv Counsel has invested 2.07% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Tower Bridge Advsrs holds 0% or 34,365 shares. Point72 Asia (Hong Kong) reported 1,496 shares.

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

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on August, 22 before the open. They expect $2.02 EPS, up 28.66% or $0.45 from last year’s $1.57 per share. LOW’s profit will be $1.65 billion for 12.17 P/E if the $2.02 EPS becomes a reality. After $1.19 actual EPS reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 69.75% EPS growth.

More news for Lowe's Companies, Inc. (NYSE:LOW) were recently published by: Bizjournals.com, which released: “New Lowe’s CEO helps stuff disaster-relief buckets at Mooresville headquarters” on August 01, 2018. Fool.com‘s article titled: “First Order of Business for Lowe’s New CEO: Clean House” and published on July 21, 2018 is yet another important article.

Carlson Capital L P, which manages about $20.59 billion and $6.61 billion US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 198,308 shares to 348,489 shares, valued at $55.69M in 2018Q1, according to the filing. It also increased its holding in Braskem S A (NYSE:BAK) by 376,353 shares in the quarter, for a total of 626,353 shares, and has risen its stake in Visa Inc (NYSE:V).

Among 37 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Lowe’s Companies Inc. had 103 analyst reports since August 19, 2015 according to SRatingsIntel. Jefferies maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Friday, May 13. Jefferies has “Hold” rating and $81 target. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, November 22. The rating was upgraded by Zelman to “Buy” on Thursday, November 19. Citigroup upgraded Lowe's Companies, Inc. (NYSE:LOW) rating on Friday, May 20. Citigroup has “Buy” rating and $90 target. The stock has “Outperform” rating by Robert W. Baird on Wednesday, January 24. Wedbush downgraded it to “Neutral” rating and $73 target in Wednesday, October 26 report. The rating was upgraded by Telsey Advisory Group to “Outperform” on Thursday, January 25. Deutsche Bank maintained the shares of LOW in report on Thursday, August 24 with “Buy” rating. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Hold” rating by Jefferies on Thursday, September 28. On Monday, February 6 the stock rating was initiated by Bernstein with “Underperform”.

Among 30 analysts covering Union Pacific Corporation (NYSE:UNP), 14 have Buy rating, 2 Sell and 14 Hold. Therefore 47% are positive. Union Pacific Corporation had 119 analyst reports since July 24, 2015 according to SRatingsIntel. Scotia Capital maintained the stock with “Hold” rating in Thursday, January 11 report. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, June 27. UBS maintained it with “Buy” rating and $91 target in Tuesday, March 8 report. The stock has “Neutral” rating by Robert W. Baird on Monday, June 4. Susquehanna maintained Union Pacific Corporation (NYSE:UNP) rating on Thursday, January 25. Susquehanna has “Buy” rating and $159.0 target. The firm has “Outperform” rating given on Friday, October 27 by BMO Capital Markets. Bank of America maintained the shares of UNP in report on Thursday, March 15 with “Buy” rating. RBC Capital Markets maintained the shares of UNP in report on Tuesday, January 9 with “Hold” rating. BMO Capital Markets maintained it with “Buy” rating and $123.0 target in Thursday, September 14 report. The stock has “Hold” rating by Deutsche Bank on Wednesday, July 20.

Since March 20, 2018, it had 0 insider purchases, and 3 sales for $7.37 million activity. KNIGHT ROBERT M JR also sold $1.86 million worth of Union Pacific Corporation (NYSE:UNP) shares.

Analysts await Union Pacific Corporation (NYSE:UNP) to report earnings on October, 25. They expect $2.06 earnings per share, up 37.33% or $0.56 from last year’s $1.5 per share. UNP’s profit will be $1.52 billion for 18.06 P/E if the $2.06 EPS becomes a reality. After $1.98 actual earnings per share reported by Union Pacific Corporation for the previous quarter, Wall Street now forecasts 4.04% EPS growth.

Investors sentiment decreased to 0.75 in Q1 2018. Its down 0.19, from 0.94 in 2017Q4. It turned negative, as 62 investors sold UNP shares while 557 reduced holdings. 107 funds opened positions while 359 raised stakes. 589.68 million shares or 1.47% less from 598.50 million shares in 2017Q4 were reported. Amer Tx holds 0.4% or 58,100 shares in its portfolio. Credit Agricole S A invested in 10,360 shares. Bragg Advsrs holds 0.88% or 44,942 shares. Invsts holds 0.05% in Union Pacific Corporation (NYSE:UNP) or 342,271 shares. Halsey Associate Inc Ct invested in 0.13% or 5,596 shares. Brown Brothers Harriman And reported 309,516 shares or 0.24% of all its holdings. Burt Wealth Advsr invested in 4,479 shares or 0.31% of the stock. Jpmorgan Chase & reported 16.87 million shares. Broderick Brian C has 14,784 shares for 0.75% of their portfolio. Of Vermont holds 1.04% or 81,543 shares in its portfolio. 498,103 were reported by Guggenheim Cap Ltd Limited Liability Company. Pinnacle Limited reported 66,185 shares. Bollard Grp Incorporated Limited Liability Company, Massachusetts-based fund reported 18,062 shares. 461,349 are held by Fifth Third Financial Bank. First Long Island Ltd Company stated it has 2,046 shares or 0.04% of all its holdings.

More recent Union Pacific Corporation (NYSE:UNP) news were published by: Nasdaq.com which released: “Report: Exploring Fundamental Drivers Behind Investors, WPX Energy, Interactive Brokers Group, Lear, Union Pacific …” on August 09, 2018. Also Forbes.com published the news titled: “What Will Drive Union Pacific’s Near-Term Growth?” on August 09, 2018. Seekingalpha.com‘s news article titled: “Union Pacific Just Beat Estimates” with publication date: July 20, 2018 was also an interesting one.

Estabrook Capital Management, which manages about $1.18B and $638.10 billion US Long portfolio, upped its stake in Mosaic Co New Com (NYSE:MOS) by 2,490 shares to 3,000 shares, valued at $72.84M in 2018Q1, according to the filing. It also increased its holding in Texas Instruments Inc (NASDAQ:TXN) by 7,345 shares in the quarter, for a total of 31,630 shares, and has risen its stake in United Technologies Corp. (NYSE:UTX).

Union Pacific Corporation (NYSE:UNP) Institutional Positions Chart

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