OneAscent Wealth Management LLC Has $629,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

OneAscent Wealth Management LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 31.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,471 shares of the home improvement retailer’s stock after selling 1,133 shares during the period. OneAscent Wealth Management LLC’s holdings in Lowe’s Companies were worth $629,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new position in Lowe’s Companies during the fourth quarter worth $25,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies in the third quarter valued at $26,000. Tidemark LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at $27,000. Voisard Asset Management Group Inc. acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at $28,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at $31,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on LOW. Zelman & Associates reiterated a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Mizuho began coverage on shares of Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price for the company. Citigroup reduced their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. DA Davidson reduced their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Finally, Truist Financial reduced their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $251.33.

Lowe’s Companies Stock Up 0.3 %

NYSE:LOW traded up $0.66 during trading hours on Friday, hitting $220.46. 12,630,451 shares of the company traded hands, compared to its average volume of 2,428,194. The firm’s 50-day simple moving average is $225.32 and its 200-day simple moving average is $228.26. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The company has a market cap of $125.63 billion, a PE ratio of 17.71, a PEG ratio of 1.68 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same period last year, the business earned $3.67 EPS. The business’s revenue was down 4.4% on a year-over-year basis. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio is presently 35.34%.

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.