Lowes Cos Com Stk (LOW) Holder Buckingham Capital Management Trimmed Stake by $770,000; Abbvie (ABBV) Shareholder Apriem Advisors Decreased Stake

December 17, 2017 - By Linda Rogers

Apriem Advisors decreased its stake in Abbvie Inc (ABBV) by 6.03% based on its latest 2017Q2 regulatory filing with the SEC. Apriem Advisors sold 5,706 shares as the company’s stock rose 6.17% with the market. The institutional investor held 88,961 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $6.45 million, down from 94,667 at the end of the previous reported quarter. Apriem Advisors who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $155.69 billion market cap company. It closed at $97.52 lastly. It is down 10.63% since December 17, 2016 and is uptrending. It has underperformed by 6.07% the S&P500.

David Keidan decreased its stake in Lowes Cos Inc Com Stk (LOW) by 8% based on its latest 2017Q2 regulatory filing with the SEC. Buckingham Capital Management Inc sold 10,000 shares as the company’s stock rose 10.23% with the market. The hedge fund run by David Keidan held 114,967 shares of the consumer services company at the end of 2017Q2, valued at $8.91M, down from 124,967 at the end of the previous reported quarter. Buckingham Capital Management Inc who had been investing in Lowes Cos Inc Com Stk for a number of months, seems to be less bullish one the $71.93B market cap company. The stock increased 1.30% or $1.11 during the last trading session, reaching $86.69. About 7.93M shares traded or 26.23% up from the average. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since December 17, 2016 and is uptrending. It has underperformed by 10.78% the S&P500.

Buckingham Capital Management Inc, which manages about $1.17B and $854.76M US Long portfolio, upped its stake in Johnson Controls International by 12,931 shares to 172,121 shares, valued at $7.46M in 2017Q2, according to the filing. It also increased its holding in Dycom Industries Inc Com Stk (NYSE:DY) by 14,514 shares in the quarter, for a total of 95,214 shares, and has risen its stake in Ross Stores Inc (NASDAQ:ROST).

Among 32 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 18 have Buy rating, 1 Sell and 13 Hold. Therefore 56% are positive. Lowe’s Companies Inc. had 73 analyst reports since August 19, 2015 according to SRatingsIntel. On Thursday, September 28 the stock rating was maintained by Jefferies with “Hold”. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, November 22 report. The rating was maintained by S&P Research with “Hold” on Wednesday, August 19. The rating was initiated by Topeka Capital Markets on Tuesday, May 24 with “Hold”. Piper Jaffray maintained the stock with “Hold” rating in Friday, September 29 report. The rating was upgraded by Zelman to “Buy” on Thursday, November 19. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Hold” rating given on Thursday, July 20 by Jefferies. On Tuesday, November 24 the stock rating was upgraded by Atlantic Securities to “Overweight”. The rating was maintained by Robert W. Baird with “Buy” on Thursday, September 28. As per Tuesday, November 7, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.03 in 2017 Q2. Its up 0.03, from 1 in 2017Q1. It improved, as 79 investors sold LOW shares while 402 reduced holdings. 108 funds opened positions while 386 raised stakes. 606.01 million shares or 2.56% less from 621.93 million shares in 2017Q1 were reported. Notis owns 19,200 shares or 0.96% of their US portfolio. Employees Retirement Association Of Colorado stated it has 163,238 shares or 0.09% of all its holdings. Lynch And Assoc In reported 36,279 shares. Invsts Asset Of Georgia Inc Ga Adv reported 3,965 shares. 26,287 are held by Mastrapasqua Asset Mngmt. Franklin Resource invested in 0.06% or 1.62M shares. 31,609 were accumulated by Spinnaker Tru. Glg Prtn Lp holds 0.06% in Lowe's Companies, Inc. (NYSE:LOW) or 14,890 shares. 13,145 are owned by One National Association. 4,060 were reported by Howland Capital Mgmt Ltd. St Johns Investment Management Ltd Liability Com holds 11,736 shares or 0.68% of its portfolio. Sphera Funds Ltd holds 0.03% or 2,600 shares. Hamel Inc reported 0.12% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). The New York-based Nikko Asset Americas Inc has invested 0.01% in Lowe's Companies, Inc. (NYSE:LOW). Stonebridge Advisors Limited Liability Corporation reported 0.1% stake.

Since September 19, 2017, it had 0 buys, and 2 selling transactions for $778,532 activity. 2,098 shares were sold by Ramsay Paul D, worth $163,675 on Tuesday, September 19.

Since July 31, 2017, it had 0 insider buys, and 6 sales for $22.93 million activity. Gosebruch Henry O sold 300 shares worth $21,127. The insider Michael Robert A. sold 6,699 shares worth $589,512. $6.24M worth of AbbVie Inc. (NYSE:ABBV) shares were sold by GONZALEZ RICHARD A.

Analysts await AbbVie Inc. (NYSE:ABBV) to report earnings on January, 26. They expect $1.43 earnings per share, up 19.17% or $0.23 from last year’s $1.2 per share. ABBV’s profit will be $2.28 billion for 17.05 P/E if the $1.43 EPS becomes a reality. After $1.41 actual earnings per share reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 1.42% EPS growth.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Goldman Sachs given on Friday, March 10. The stock of AbbVie Inc. (NYSE:ABBV) earned “Buy” rating by Cowen & Co on Monday, November 20. The firm earned “Hold” rating on Friday, July 28 by Cowen & Co. The firm has “Hold” rating given on Thursday, September 28 by Deutsche Bank. The rating was upgraded by Morgan Stanley on Monday, November 2 to “Overweight”. The rating was maintained by Jefferies on Monday, July 17 with “Buy”. The stock of AbbVie Inc. (NYSE:ABBV) has “Market Perform” rating given on Friday, June 10 by BMO Capital Markets. The company was initiated on Tuesday, October 18 by Leerink Swann. The stock of AbbVie Inc. (NYSE:ABBV) has “Equal-Weight” rating given on Tuesday, December 1 by Barclays Capital. The firm has “Neutral” rating by Atlantic Securities given on Friday, December 18.

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