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World Investment Advisors cut its stake in Lowe's, but the company beat earnings expectations and raised its dividend.
World Investment Advisors decreased its stake in Lowe's Companies by 0.4%, now owning 26,236 shares.
Despite a slight revenue miss, Lowe's reported $2.92 earnings per share, beating analyst expectations by $0.04.
The company's shares have a yield of 2.11% after a quarterly dividend increase.
Institutional investors like Chilton Capital Management and Atlantic Edge Private Wealth Management have increased their holdings in Lowe's, while others like OneDigital Investment Advisors have reduced theirs.
Analysts expect $11.90 earnings per share for the year.
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World Investment Advisors recortó su participación en Lowe's, pero la compañía superó las expectativas de ganancias y aumentó su dividendo.