Lansdowne Partners UK LLP Cuts Stake in L Brands, Inc. (LB)

Lansdowne Partners UK LLP lowered its stake in L Brands, Inc. (NYSE:LB) by 6.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,415,786 shares of the company’s stock after selling 767,561 shares during the period. L Brands comprises 6.1% of Lansdowne Partners UK LLP’s investment portfolio, making the stock its 8th largest position. Lansdowne Partners UK LLP’s holdings in L Brands were worth $685,776,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alecta Pensionsforsakring Omsesidigt boosted its position in shares of L Brands by 0.3% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,833,000 shares of the company’s stock worth $766,543,000 after buying an additional 30,000 shares during the period. State Street Corp boosted its position in shares of L Brands by 2.1% in the fourth quarter. State Street Corp now owns 10,109,413 shares of the company’s stock worth $665,599,000 after buying an additional 208,433 shares during the period. Jackson Square Partners LLC boosted its position in shares of L Brands by 39.0% in the second quarter. Jackson Square Partners LLC now owns 7,415,981 shares of the company’s stock worth $497,834,000 after buying an additional 2,082,149 shares during the period. Morgan Stanley boosted its position in shares of L Brands by 7.7% in the third quarter. Morgan Stanley now owns 7,179,662 shares of the company’s stock worth $508,104,000 after buying an additional 510,227 shares during the period. Finally, American International Group Inc. boosted its position in shares of L Brands by 4.9% in the third quarter. American International Group Inc. now owns 6,250,708 shares of the company’s stock worth $442,363,000 after buying an additional 291,573 shares during the period. 74.20% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for L Brands (NYSE:LB)

L Brands, Inc. (NYSE:LB) traded up 0.55% on Tuesday, reaching $58.14. 3,842,085 shares of the company traded hands. The company has a market capitalization of $16.63 billion, a PE ratio of 14.63 and a beta of 0.82. The stock’s 50 day moving average price is $61.38 and its 200 day moving average price is $69.48. L Brands, Inc. has a one year low of $57.48 and a one year high of $88.77.

L Brands (NYSE:LB) last released its earnings results on Wednesday, November 16th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. L Brands had a net margin of 9.31% and a negative return on equity of 137.81%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that L Brands, Inc. will post $3.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Friday, February 17th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Wednesday, February 15th. L Brands’s dividend payout ratio (DPR) is presently 60.61%.

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LB has been the topic of a number of recent analyst reports. Wolfe Research decreased their price objective on shares of L Brands from $67.00 to $62.00 and set a “peer perform” rating on the stock in a research note on Friday, January 6th. Jefferies Group LLC set a $48.00 target price on shares of L Brands and gave the company a “sell” rating in a research report on Thursday, January 5th. FBR & Co set a $69.00 target price on shares of L Brands and gave the company a “hold” rating in a research report on Sunday, January 8th. RBC Capital Markets restated a “sector perform” rating and issued a $70.00 target price (down previously from $82.00) on shares of L Brands in a research report on Wednesday, November 2nd. Finally, Zacks Investment Research lowered shares of L Brands from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. L Brands presently has a consensus rating of “Hold” and a consensus target price of $72.47.

About L Brands

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.

5 Day Chart for NYSE:LB

Want to see what other hedge funds are holding LB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L Brands, Inc. (NYSE:LB).

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