Carolina Wealth Advisors LLC Sells 64 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Carolina Wealth Advisors LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 27.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166 shares of the home improvement retailer’s stock after selling 64 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LOW. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the third quarter valued at about $27,000. JNBA Financial Advisors boosted its position in Lowe’s Companies by 555.6% during 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 in the last quarter. MFA Wealth Advisors LLC boosted its position in Lowe’s Companies by 118.6% during the third 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 in the last quarter. Kimelman & Baird LLC bought a new stake in Lowe’s Companies during the second quarter valued at about $37,000. Finally, Kieckhefer Group LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at about $46,000. Institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

LOW has been the subject of several recent analyst reports. Royal Bank of Canada raised their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Evercore ISI raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Truist Financial lowered their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Eleven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Trading Up 2.2 %

LOW opened at $256.73 on Thursday. The stock has a market capitalization of $144.96 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.08 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The firm’s fifty day simple moving average is $260.54 and its 200 day simple moving average is $253.93.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

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.