Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,145 shares of the home improvement retailer’s stock after selling 184 shares during the period. Mission Wealth Management LP’s holdings in Lowe’s Companies were worth $3,593,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LOW. Private Management Group Inc. grew its holdings in shares of Lowe’s Companies by 4.0% in the 4th quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after buying an additional 46 shares during the period. First Command Advisory Services Inc. grew its holdings in shares of Lowe’s Companies by 1.9% in the 4th quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after buying an additional 48 shares during the period. Hamilton Capital LLC grew its holdings in shares of Lowe’s Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after buying an additional 49 shares during the period. Abundance Wealth Counselors grew its holdings in shares of Lowe’s Companies by 0.8% in the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after buying an additional 50 shares during the period. Finally, YHB Investment Advisors Inc. grew its holdings in shares of Lowe’s Companies by 0.6% in the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after buying an additional 50 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. DA Davidson reissued a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. JPMorgan Chase & Co. upped their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Trading Down 1.3 %

NYSE:LOW traded down $2.95 on Tuesday, hitting $227.99. The company had a trading volume of 2,435,218 shares, compared to its average volume of 2,494,747. The stock has a market capitalization of $130.45 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.70 and a beta of 1.13. The firm has a 50 day moving average of $240.06 and a two-hundred day moving average of $220.18. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm’s revenue was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

About Lowe’s Companies

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.