20,689 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by V Wealth Management LLC

V Wealth Management LLC purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,689 shares of the home improvement retailer’s stock, valued at approximately $1,608,000.

A number of other institutional investors have also recently modified their holdings of LOW. Valicenti Advisory Services Inc. increased its position in shares of Lowe’s Companies by 5.1% in the first quarter. Valicenti Advisory Services Inc. now owns 53,675 shares of the home improvement retailer’s stock worth $4,413,000 after buying an additional 2,625 shares in the last quarter. Norman Fields Gottscho Capital Management LLC bought a new position in shares of Lowe’s Companies during the first quarter worth approximately $765,000. CMH Wealth Management LLC bought a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $1,419,000. Boltwood Capital Management increased its position in shares of Lowe’s Companies by 4.9% in the first quarter. Boltwood Capital Management now owns 32,140 shares of the home improvement retailer’s stock worth $2,642,000 after buying an additional 1,500 shares in the last quarter. Finally, Tufton Capital Management bought a new position in shares of Lowe’s Companies during the first quarter worth approximately $423,000. Institutional investors own 74.54% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at 76.83 on Thursday. The stock has a market cap of $64.86 billion, a PE ratio of 24.09 and a beta of 1.08. The company’s 50-day moving average is $78.03 and its 200-day moving average is $78.95. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.03. The company had revenue of $16.86 billion for the quarter, compared to analysts’ expectations of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, July 24th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is currently 44.03%.

WARNING: “20,689 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by V Wealth Management LLC” was originally published by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://baseballnewssource.com/markets/20689-shares-in-lowes-companies-inc-nyselow-acquired-by-v-wealth-management-llc/1239508.html.

LOW has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $90.00 target price on shares of Lowe’s Companies in a research note on Monday, April 3rd. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, April 18th. Stifel Nicolaus dropped their target price on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Finally, BTIG Research restated a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of Lowe’s Companies in a research note on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $85.39.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the sale, the insider now owns 37,716 shares in the company, valued at approximately $3,024,823.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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).

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Veteran Pitcher Bartolo Colon Considering Retirement
Veteran Pitcher Bartolo Colon Considering Retirement
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base


Leave a Reply

 
© 2006-2017 BBNS.