Pacific Capital Wealth Advisors Inc. Invests $33,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 148 shares of the home improvement retailer’s stock, valued at approximately $33,000.

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

Lowe’s Companies Trading Down 0.1 %

LOW stock traded down $0.25 during mid-day trading on Tuesday, reaching $231.45. The company’s stock had a trading volume of 1,912,237 shares, compared to its average volume of 2,453,542. The company’s 50 day moving average is $240.00 and its two-hundred day moving average is $221.68. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market cap of $132.43 billion, a PE ratio of 17.59, a P/E/G ratio of 1.72 and a beta of 1.15.

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

Lowe’s Companies Dividend Announcement

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 given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LOW. Gordon Haskett restated a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Truist Financial boosted their target price on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Evercore ISI decreased their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $252.67.

Lowe’s Companies Company 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.