Peddock Capital Advisors LLC Sells 1,331 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Peddock Capital Advisors LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,560 shares of the home improvement retailer’s stock after selling 1,331 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Lowe’s Companies were worth $2,328,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Gradient Investments LLC increased its stake in shares of Lowe’s Companies by 13.1% during the second quarter. Gradient Investments LLC now owns 85,363 shares of the home improvement retailer’s stock valued at $18,819,000 after buying an additional 9,920 shares during the period. Blue Trust Inc. increased its stake in shares of Lowe’s Companies by 13.8% during the second quarter. Blue Trust Inc. now owns 8,548 shares of the home improvement retailer’s stock valued at $1,884,000 after buying an additional 1,039 shares during the period. Portside Wealth Group LLC increased its stake in shares of Lowe’s Companies by 8.1% during the second quarter. Portside Wealth Group LLC now owns 6,359 shares of the home improvement retailer’s stock valued at $1,402,000 after buying an additional 477 shares during the period. Pure Financial Advisors LLC increased its stake in shares of Lowe’s Companies by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 45 shares during the period. Finally, S.E.E.D. Planning Group LLC increased its stake in shares of Lowe’s Companies by 15.7% during the second quarter. S.E.E.D. Planning Group LLC now owns 11,895 shares of the home improvement retailer’s stock valued at $2,622,000 after buying an additional 1,611 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LOW shares. Citigroup cut their price target on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. DA Davidson cut their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. Evercore ISI cut their target price on Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Fourteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $250.19.

Lowe’s Companies Stock Up 0.5 %

Shares of Lowe’s Companies stock traded up $1.09 on Friday, reaching $241.15. 1,725,785 shares of the stock were exchanged, compared to its average volume of 2,529,547. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a market capitalization of $137.42 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.85 and a beta of 1.07. The business has a 50 day moving average price of $229.89 and a two-hundred day moving average price of $231.75.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the company posted $3.67 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. Research analysts forecast that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Wednesday, July 24th. Lowe’s Companies’s payout ratio is presently 36.95%.

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.