Community Financial Services Group LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,025 shares of the home improvement retailer’s stock after purchasing an additional 950 shares during the period. Community Financial Services Group LLC’s holdings in Lowe’s Companies were worth $4,695,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the third quarter worth about $27,000. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $25,000. JNBA Financial Advisors increased its position in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Winch Advisory Services LLC lifted its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Finally, MFA Wealth Advisors LLC lifted its stake in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, TD Cowen boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.88.
Insiders Place Their Bets
In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.
Lowe’s Companies Stock Performance
NYSE LOW opened at $257.09 on Wednesday. The company has a market capitalization of $145.17 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a 50-day simple moving average of $256.93 and a 200 day simple moving average of $258.26.
Lowe’s Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.79%. The ex-dividend date was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.
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.
Featured Stories
- Five stocks we like better than Lowe’s Companies
- Buy P&G Now, Before It Sets A New All-Time High
- META Stock: Insider Selling Ramps Up—What It Means for Investors
- 3 Tickers Leading a Meme Stock Revival
- 3 Chip Stocks Still Trading 50% Below Their 52-Week Highs
- How is Compound Interest Calculated?
- U.S. Steel: Will Trump-Backed Nippon Investment Drive Upside?
Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW – Free Report).
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.