Forza Wealth Management LLC Acquires 426 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Forza Wealth Management LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,702 shares of the home improvement retailer’s stock after buying an additional 426 shares during the quarter. Forza Wealth Management LLC’s holdings in Lowe’s Companies were worth $914,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at $27,000. JNBA Financial Advisors grew its stake in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. MFA Wealth Advisors LLC raised its holdings in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Lowe’s Companies during the second quarter valued at about $37,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $46,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded up $1.42 on Monday, reaching $249.32. 1,392,298 shares of the company were exchanged, compared to its average volume of 2,173,485. The stock’s 50 day moving average price is $261.23 and its 200-day moving average price is $253.51. The company has a market cap of $140.78 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Piper Sandler increased their price target on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Stifel Nicolaus boosted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Eleven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Activity

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

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.