Kynikos Associates LP Has Decreased Lowes Cos (LOW) Holding by $5.41 Million as Stock Value Declined; United Parcel Service (Call) (UPS) Shareholder Soroban Capital Partners LP Has Lifted Its Stake by $178.50 Million

May 23, 2018 - By Louis Casey

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

Jim Chanos decreased its stake in Lowes Cos Inc (LOW) by 75.98% based on its latest 2017Q4 regulatory filing with the SEC. Kynikos Associates Lp sold 58,811 shares as the company’s stock declined 5.74% with the market. The hedge fund run by Jim Chanos held 18,589 shares of the consumer services company at the end of 2017Q4, valued at $1.73M, down from 77,400 at the end of the previous reported quarter. Kynikos Associates Lp who had been investing in Lowes Cos Inc for a number of months, seems to be less bullish one the $78.19B market cap company. The stock increased 10.43% or $8.94 during the last trading session, reaching $94.69. About 25.19 million shares traded or 257.43% up from the average. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since May 23, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Eric W. Mandelblatt increased its stake in United Parcel Service Inc (Call) (UPS) by 26.79% based on its latest 2017Q4 regulatory filing with the SEC. Soroban Capital Partners Lp bought 1.50 million shares as the company’s stock declined 13.88% with the market. The hedge fund run by Eric W. Mandelblatt held 7.10M shares of the transportation company at the end of 2017Q4, valued at $845.97M, up from 5.60 million at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in United Parcel Service Inc (Call) for a number of months, seems to be bullish on the $99.34B market cap company. The stock decreased 0.06% or $0.07 during the last trading session, reaching $115.29. About 1.66 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has declined 2.49% since May 23, 2017 and is downtrending. It has underperformed by 14.04% the S&P500.

Since February 26, 2018, it had 0 insider buys, and 2 selling transactions for $650,730 activity. Another trade for 4,500 shares valued at $480,600 was made by McClure Teri P on Monday, February 26.

Among 24 analysts covering United Parcel Service (NYSE:UPS), 12 have Buy rating, 1 Sell and 11 Hold. Therefore 50% are positive. United Parcel Service had 75 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Wednesday, November 2. On Thursday, July 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Hold” rating on Thursday, October 5 by Robert W. Baird. The firm earned “Hold” rating on Wednesday, July 5 by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, March 6 by Stifel Nicolaus. The company was maintained on Tuesday, August 2 by Argus Research. The firm has “Sell” rating by Morgan Stanley given on Monday, December 11. Cowen & Co maintained it with “Market Perform” rating and $110 target in Friday, April 29 report. As per Thursday, February 1, the company rating was maintained by Stephens. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Stephens on Monday, April 9.

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Globenewswire.com which released: “UPS Offers Voluntary Retirement Incentive To Eligible US-Based Management Employees” on April 25, 2018, also Seekingalpha.com with their article: “International segment paces UPS in Q1” published on April 26, 2018, Nasdaq.com published: “What’s Next For The Market?” on May 22, 2018. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Seekingalpha.com and their article: “Investors size up UPS and FedEx” published on April 27, 2018 as well as Globenewswire.com‘s news article titled: “UPS Holds Shareowners’ Meeting, Elects Board Members” with publication date: May 10, 2018.

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.09, from 1.14 in 2017Q3. It increased, as 59 investors sold UPS shares while 372 reduced holdings. 107 funds opened positions while 422 raised stakes. 448.80 million shares or 0.57% less from 451.38 million shares in 2017Q3 were reported. Mechanics Retail Bank Trust Department has invested 0.47% in United Parcel Service, Inc. (NYSE:UPS). Tudor Inv Et Al holds 5,468 shares. Engineers Gate Manager Lp holds 60,884 shares. Commercial Bank Hapoalim Bm reported 15,193 shares stake. 18,023 were accumulated by Benjamin F Edwards And Incorporated. Wilbanks Smith And Thomas Asset Management Lc reported 9,019 shares. Bnp Paribas Arbitrage Sa holds 0.04% or 202,785 shares. Bnp Paribas Asset Management Holdings invested 0.11% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Moreover, Patten Gp has 0.22% invested in United Parcel Service, Inc. (NYSE:UPS) for 4,657 shares. Moreover, Korea Investment has 0.21% invested in United Parcel Service, Inc. (NYSE:UPS) for 386,600 shares. National Ins Tx has invested 0.59% in United Parcel Service, Inc. (NYSE:UPS). Wilkins Inv Counsel owns 69,775 shares. Parsons Cap Inc Ri holds 0.14% or 10,259 shares in its portfolio. 24,525 are held by City Co. Bbva Compass Bancshares Incorporated accumulated 70,547 shares.

Soroban Capital Partners Lp, which manages about $10.82 billion and $24.21 billion US Long portfolio, decreased its stake in Anheuser Busch Inbev Sa/Nv (Call) (NYSE:BUD) by 6.50 million shares to 15.25 million shares, valued at $1.70 billion in 2017Q4, according to the filing. It also reduced its holding in California Res Corp by 691,671 shares in the quarter, leaving it with 1.36 million shares, and cut its stake in Praxair Inc (NYSE:PX).

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Streetinsider.com which released: “Wall Street drops as Trump fuels uncertainty over trade talks” on May 23, 2018, also Seekingalpha.com with their article: “Lowe’s: Building A Solid Foundation” published on May 23, 2018, Seekingalpha.com published: “Lowe’s Could Easily Double Its Dividend” on May 13, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Investorplace.com and their article: “Lowe’s Companies, Inc. Soars on Rosy Outlook” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “Lowe’s down on earnings miss” with publication date: May 23, 2018.

Among 36 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 23 have Buy rating, 0 Sell and 13 Hold. Therefore 64% are positive. Lowe’s Companies Inc. had 98 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, August 24. On Monday, October 31 the stock rating was downgraded by Piper Jaffray to “Neutral”. The rating was downgraded by Zacks on Thursday, August 20 to “Hold”. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Hold” rating by Jefferies on Friday, May 13. The firm has “Buy” rating by Jefferies given on Monday, February 5. The firm has “Buy” rating given on Wednesday, November 22 by KeyBanc Capital Markets. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Outperform” rating by Telsey Advisory Group on Wednesday, November 22. The rating was upgraded by Raymond James to “Outperform” on Monday, November 27. Telsey Advisory Group upgraded the shares of LOW in report on Thursday, January 25 to “Outperform” rating. Piper Jaffray maintained it with “Hold” rating and $80.0 target in Friday, September 29 report.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.03, from 1.04 in 2017Q3. It fall, 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. New York-based M&R Capital Mngmt Incorporated has invested 2.13% in Lowe's Companies, Inc. (NYSE:LOW). Andra Ap owns 88,941 shares or 0.19% of their US portfolio. Calamos Wealth Mngmt Llc holds 0.26% or 21,305 shares in its portfolio. Sg Americas Secs Limited Company owns 108,599 shares. Asset Advisors Corp holds 4,057 shares or 0.06% of its portfolio. Baystate Wealth Mgmt Limited Liability Com invested 0.02% in Lowe's Companies, Inc. (NYSE:LOW). Franklin accumulated 0.06% or 1.43 million shares. Hays Advisory Lc reported 0.15% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). 19,496 are held by First. Moreover, First American National Bank & Trust has 0.64% invested in Lowe's Companies, Inc. (NYSE:LOW). Fukoku Mutual Life Insurance owns 3,900 shares for 0.05% of their portfolio. Peapack Gladstone holds 147,150 shares. Glg Limited Liability Corp, New York-based fund reported 40,277 shares. Invesco holds 7.06M shares or 0.24% of its portfolio. Private Na reported 41,438 shares.

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

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