Unison Asset Management LLC Has $9.64 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Unison Asset Management LLC decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 35,608 shares of the home improvement retailer’s stock after selling 55 shares during the quarter. Lowe’s Companies makes up 4.6% of Unison Asset Management LLC’s holdings, making the stock its 7th largest holding. Unison Asset Management LLC’s holdings in Lowe’s Companies were worth $9,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of LOW. Ascent Group LLC grew its holdings in shares of Lowe’s Companies by 4.3% in the 1st quarter. Ascent Group LLC now owns 3,596 shares of the home improvement retailer’s stock valued at $916,000 after acquiring an additional 148 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in Lowe’s Companies by 15.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 46,509 shares of the home improvement retailer’s stock worth $11,847,000 after purchasing an additional 6,212 shares during the period. Waverly Advisors LLC grew its holdings in Lowe’s Companies by 52.4% during the first quarter. Waverly Advisors LLC now owns 15,988 shares of the home improvement retailer’s stock worth $4,073,000 after purchasing an additional 5,499 shares during the period. Whalerock Point Partners LLC grew its holdings in Lowe’s Companies by 5.9% during the first quarter. Whalerock Point Partners LLC now owns 2,680 shares of the home improvement retailer’s stock worth $683,000 after purchasing an additional 150 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Lowe’s Companies by 20.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 23,808 shares of the home improvement retailer’s stock worth $6,065,000 after purchasing an additional 3,968 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $268.59 on Monday. The firm has a market cap of $152.37 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Lowe’s Companies, Inc. has a 52 week low of $196.32 and a 52 week high of $287.01. The firm has a 50-day moving average price of $268.74 and a two-hundred day moving average price of $244.92.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LOW shares. Royal Bank of Canada boosted their price objective on Lowe’s Companies from $290.00 to $291.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 20th. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Bank of America boosted their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Evercore ISI upped their price target on shares of Lowe’s Companies from $255.00 to $270.00 and gave the stock an “in-line” rating in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $277.92.

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.