Will Lowe’s Companies’ Top Institutional Shareholders Sell More After Earnings?

For the year-to-date, Lowe’s Companies Inc.’s (NYSE:LOW) shares are up 3.47 percent. On Monday, the company reported its second-quarter net income fell 10 percent while revenue at stores opened at least a year had a 0.4 percent fall.  It attributed the weak numbers to a timing shift in reporting the quarter and a charge related to job cuts.

From the quarter’s numbers, Lowe’s trimmed its full-year-earnings and revenue forecasts.

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Lowe’s chairman, president and CEO Bob Niblock said in the earnings call, ”We knew it would take time to see the full benefits of our actions.  The team is making progress on these initiatives but frankly, the benefits are accruing at a slower rate than I had expected.”

With the company’s net income fall and full-year forecasts cuts, will Lowe’s Companies largest shareholders decrease their holdings? 977 institutional firms indicated owning shares of Lowe’s Companies Inc. (NYSE:LOW) in Q2 2012. These firms reported owning a total of 908.355 million shares on 06/30/2012. The shares closed at $28.26 on 06/30/2012.

Here are the ten largest positions in Lowe’s Companies Inc. at the end of June 30th, 2012.

Wellington Management Co LLP held 85,920,495 shares on 06/30/2012 worth $2,443,578,924. This brought the portfolio total to 0.91%.

Vanguard Group Inc held 59,528,617 shares on 06/30/2012 worth $1,692,993,899. This brought the portfolio total to 0.23%.

State Street Corp held 50,095,298 shares on 06/30/2012 worth $1,424,710,302. This brought the portfolio total to 0.23%.

FMR LLC held 43,246,844 shares on 06/30/2012 worth $1,229,940,266. This brought the portfolio total to 0.24%.

Blackrock Institutional Trust Company N.A. held 30,581,261 shares on 06/30/2012 worth $869,731,079. This brought the portfolio total to 0.21%.

JPMorgan Chase & Co held 29,529,143 shares on 06/30/2012 worth $839,808,843. This brought the portfolio total to 0.32%.

Goldman Sachs Group Inc held 25,985,681 shares on 06/30/2012 worth $739,032,782. This brought the portfolio total to 0.33%.

Capital World Investors held 18,476,000 shares on 06/30/2012 worth $525,457,450. This brought the portfolio total to 0.2%.

Bank of New York Mellon Corp held 18,080,316 shares on 06/30/2012 worth $514,204,197. This brought the portfolio total to 0.2%.

Northern Trust Corp held 15,976,760 shares on 06/30/2012 worth $454,379,063. This brought the portfolio total to 0.2%.

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