Soroban Capital Partners LP Has Lifted Lowes Cos (Call) (LOW) Stake; Tide Point Capital Management LP Boosted Its Lockheed Martin (LMT) Stake

November 14, 2017 - By Nellie Frank

Soroban Capital Partners Lp increased Lowes Cos Inc (Call) (LOW) stake by 66.67% reported in 2017Q2 SEC filing. Soroban Capital Partners Lp acquired 3.00M shares as Lowes Cos Inc (Call) (LOW)’s stock rose 10.23%. The Soroban Capital Partners Lp holds 7.50M shares with $581.48M value, up from 4.50 million last quarter. Lowes Cos Inc (Call) now has $65.94B valuation. The stock rose 2.13% or $1.65 reaching $79.18 per share. About 4.83M shares traded. Lowe’s Companies, Inc. (NYSE:LOW) has risen 5.92% since November 14, 2016 and is uptrending. It has underperformed by 10.78% the S&P500.

Tide Point Capital Management Lp increased Lockheed Martin Corp (LMT) stake by 71.27% reported in 2017Q2 SEC filing. Tide Point Capital Management Lp acquired 74,974 shares as Lockheed Martin Corp (LMT)’s stock rose 2.80%. The Tide Point Capital Management Lp holds 180,164 shares with $50.02 million value, up from 105,190 last quarter. Lockheed Martin Corp now has $89.97 billion valuation. The stock rose 0.26% or $0.82 reaching $313.77 per share. About 447,694 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since November 14, 2016 and is uptrending. It has underperformed by 2.51% the S&P500.

Among 27 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 14 have Buy rating, 1 Sell and 12 Hold. Therefore 52% are positive. Lowe’s Companies Inc. had 61 analyst reports since August 19, 2015 according to SRatingsIntel. Zacks downgraded the shares of LOW in report on Thursday, August 20 to “Hold” rating. The firm earned “Market Perform” rating on Thursday, August 24 by BMO Capital Markets. As per Thursday, August 24, the company rating was maintained by Credit Suisse. Robert W. Baird maintained it with “Buy” rating and $87.0 target in Thursday, September 28 report. The rating was maintained by Jefferies on Friday, May 13 with “Hold”. The rating was downgraded by Piper Jaffray on Monday, October 31 to “Neutral”. The rating was maintained by Argus Research with “Buy” on Thursday, August 20. The firm has “Neutral” rating by Cleveland given on Thursday, October 6. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 30. Citigroup upgraded the stock to “Buy” rating in Friday, May 20 report.

Investors sentiment increased to 1.03 in Q2 2017. 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. Private Advisor Llc reported 38,191 shares. Pensionfund Dsm Netherlands stated it has 0.69% in Lowe’s Companies, Inc. (NYSE:LOW). Stanley holds 8,924 shares. Waters Parkerson And Ltd Com stated it has 87,890 shares or 0.63% of all its holdings. Cornerstone Cap Mgmt Hldgs Ltd holds 0.39% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 643,670 shares. New York-based Moon Capital Mngmt Lp has invested 0.54% in Lowe’s Companies, Inc. (NYSE:LOW). Boyd Watterson Asset Mngmt Limited Liability Com Oh has invested 0.5% in Lowe’s Companies, Inc. (NYSE:LOW). Bb&T Corp holds 0.27% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 177,871 shares. Caisse De Depot Et Placement Du Quebec has invested 0.04% in Lowe’s Companies, Inc. (NYSE:LOW). Amica Mutual Communication owns 59,624 shares or 0.42% of their US portfolio. Ls Investment Advsrs Llc holds 55,769 shares or 0.26% of its portfolio. Consolidated Invest Gru Ltd Co holds 0.25% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 6,126 shares. 58,103 were accumulated by Ameritas Invest Incorporated. Quantres Asset Management Limited invested in 0.19% or 3,700 shares. Arizona State Retirement Systems owns 212,744 shares.

Since May 30, 2017, it had 0 insider buys, and 2 sales for $2.77 million activity. Ramsay Paul D had sold 23,023 shares worth $1.83M on Tuesday, May 30. Maltsbarger Richard D sold 11,672 shares worth $936,115.

Soroban Capital Partners Lp decreased Comcast Corp New (Call) (NASDAQ:CMCSA) stake by 6.50M shares to 19.50M valued at $758.94 million in 2017Q2. It also reduced Anheuser Busch Inbev Sa/Nv (NYSE:BUD) stake by 444,130 shares and now owns 13.81 million shares. Autodesk Inc (NASDAQ:ADSK) was reduced too.

Tide Point Capital Management Lp decreased Vulcan Matls Co (NYSE:VMC) stake by 38,895 shares to 560,607 valued at $71.02M in 2017Q2. It also reduced Univar Inc stake by 392,080 shares and now owns 762,434 shares. Targa Res Corp (NYSE:TRGP) was reduced too.

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