Exencial Wealth Advisors LLC trimmed its position in Lowe's Companies, Inc. (NYSE:LOW – Get Rating) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,516 shares of the home improvement retailer's stock after selling 2,637 shares during the period. Exencial Wealth Advisors LLC's holdings in Lowe's Companies were worth $4,041,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Lowe's Companies by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,003,836 shares of the home improvement retailer's stock worth $1,223,360,000 after purchasing an additional 331,447 shares in the last quarter. Magellan Asset Management Ltd grew its stake in shares of Lowe's Companies by 5.9% during the second quarter. Magellan Asset Management Ltd now owns 3,360,638 shares of the home improvement retailer's stock worth $587,003,000 after acquiring an additional 185,773 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Lowe's Companies by 44.3% during the second quarter. Deutsche Bank AG now owns 2,324,728 shares of the home improvement retailer's stock valued at $406,063,000 after acquiring an additional 713,735 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Lowe's Companies by 14.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,316,840 shares of the home improvement retailer's stock valued at $404,682,000 after purchasing an additional 289,476 shares during the last quarter. Finally, Maj Invest Holding A S boosted its stake in Lowe's Companies by 4.6% in the 2nd quarter. Maj Invest Holding A S now owns 2,127,704 shares of the home improvement retailer's stock worth $371,646,000 after purchasing an additional 92,949 shares in the last quarter. 72.62% of the stock is owned by hedge funds and other institutional investors.
Get Lowe's Companies alerts:Analyst Ratings Changes
A number of research analysts have issued reports on LOW shares. Oppenheimer restated an "outperform" rating and set a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, November 17th. The Goldman Sachs Group raised their target price on Lowe's Companies from $241.00 to $246.00 and gave the stock a "buy" rating in a research note on Wednesday, December 7th. BNP Paribas lowered Lowe's Companies from a "neutral" rating to an "underperform" rating and set a $159.00 price objective on the stock. in a report on Wednesday, October 19th. JPMorgan Chase & Co. decreased their target price on Lowe's Companies from $235.00 to $205.00 in a report on Friday, November 11th. Finally, Telsey Advisory Group cut their price target on shares of Lowe's Companies to $250.00 in a report on Monday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $229.12.
Insider Activity at Lowe's Companies
In other Lowe's Companies news, EVP Ross W. Mccanless sold 57,629 shares of Lowe's Companies stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $211.35, for a total transaction of $12,179,889.15. Following the sale, the executive vice president now owns 26,923 shares of the company's stock, valued at approximately $5,690,176.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.Lowe's Companies Stock Performance
NYSE:LOW opened at $208.25 on Wednesday. The company has a fifty day moving average of $205.40 and a two-hundred day moving average of $199.70. Lowe's Companies, Inc. has a fifty-two week low of $170.12 and a fifty-two week high of $240.71. The stock has a market capitalization of $129.26 billion, a PE ratio of 20.40, a P/E/G ratio of 1.11 and a beta of 1.16.
Lowe's Companies (NYSE:LOW – Get Rating) last released its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.16. Lowe's Companies had a net margin of 6.97% and a negative return on equity of 103.72%. The firm had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $23.16 billion. During the same quarter in the prior year, the firm earned $2.73 EPS. The company's revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts forecast that Lowe's Companies, Inc. will post 13.73 earnings per share for the current year.
Lowe's Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Tuesday, January 24th. Lowe's Companies's payout ratio is 41.14%.
Lowe's Companies Profile
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Lowe's Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.
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