Lowe’s Companies, Inc. (NYSE:LOW) Stake Raised by Angeles Wealth Management LLC

Angeles Wealth Management LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 36.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,585 shares of the home improvement retailer’s stock after acquiring an additional 427 shares during the period. Angeles Wealth Management LLC’s holdings in Lowe’s Companies were worth $404,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Farmers Trust Co. acquired a new position in Lowe’s Companies in the 4th quarter worth about $238,000. Elevated Capital Advisors LLC increased its position in Lowe’s Companies by 13.6% in the 4th quarter. Elevated Capital Advisors LLC now owns 2,040 shares of the home improvement retailer’s stock worth $454,000 after purchasing an additional 245 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at about $214,000. Daymark Wealth Partners LLC increased its holdings in shares of Lowe’s Companies by 1.0% during the 4th quarter. Daymark Wealth Partners LLC now owns 22,881 shares of the home improvement retailer’s stock valued at $5,092,000 after acquiring an additional 226 shares during the last quarter. Finally, Allied Investment Advisors LLC increased its holdings in shares of Lowe’s Companies by 2.0% during the 4th quarter. Allied Investment Advisors LLC now owns 50,234 shares of the home improvement retailer’s stock valued at $11,180,000 after acquiring an additional 993 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zelman & Associates reissued a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Stifel Nicolaus increased their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. DA Davidson lowered their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Hold” and a consensus price target of $250.04.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded down $0.92 during midday trading on Monday, hitting $233.16. 1,040,359 shares of the company were exchanged, compared to its average volume of 2,534,406. The firm has a market cap of $132.86 billion, a P/E ratio of 18.56, a PEG ratio of 1.79 and a beta of 1.08. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm has a 50 day simple moving average of $222.97 and a 200-day simple moving average of $228.12.

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

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. Lowe’s Companies’s dividend payout ratio is 35.34%.

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.