Cumberland Partners Ltd Sells 500 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cumberland Partners Ltd reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,704 shares of the home improvement retailer’s stock after selling 500 shares during the quarter. Cumberland Partners Ltd’s holdings in Lowe’s Companies were worth $2,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LOW. Wetzel Investment Advisors Inc. purchased a new position in Lowe’s Companies during the 4th quarter worth $25,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies in the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC boosted its holdings in Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies in the 3rd quarter worth about $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $47,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several research reports. Mizuho assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective for the company. UBS Group boosted their price target on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group raised their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 price target on shares of Lowe’s Companies in a report on Wednesday, March 27th. Finally, Evercore ISI cut their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Trading Up 1.1 %

NYSE:LOW traded up $2.46 during trading hours on Tuesday, hitting $233.69. 2,189,739 shares of the company traded hands, compared to its average volume of 2,533,403. The firm has a 50-day moving average of $239.82 and a 200 day moving average of $219.35. The stock has a market capitalization of $133.72 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. The firm’s quarterly revenue was down 17.1% compared to the same quarter last year. Equities research analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.