Godsey & Gibb Inc. lessened its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 715 shares of the home improvement retailer’s stock after selling 615 shares during the quarter. Godsey & Gibb Inc.’s holdings in Lowe’s Companies were worth $176,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in LOW. ARS Wealth Advisors Group LLC boosted its stake in Lowe’s Companies by 4.8% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 3,571 shares of the home improvement retailer’s stock worth $881,000 after purchasing an additional 164 shares during the last quarter. Apella Capital LLC acquired a new position in Lowe’s Companies during the fourth quarter worth about $254,000. S.E.E.D. Planning Group LLC grew its stake in Lowe’s Companies by 0.8% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 12,560 shares of the home improvement retailer’s stock valued at $3,100,000 after acquiring an additional 97 shares in the last quarter. Acropolis Investment Management LLC raised its holdings in Lowe’s Companies by 5.0% in the 4th quarter. Acropolis Investment Management LLC now owns 8,066 shares of the home improvement retailer’s stock valued at $1,991,000 after acquiring an additional 387 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Lowe’s Companies by 64.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,050 shares of the home improvement retailer’s stock worth $2,480,000 after purchasing an additional 3,939 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
LOW has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their target price for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Bank of America upped their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Sanford C. Bernstein lifted their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.
Insiders Place Their Bets
In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by company insiders.
Lowe’s Companies Stock Performance
Shares of LOW opened at $256.73 on Thursday. The stock has a market capitalization of $144.96 billion, a PE ratio of 21.41, a P/E/G ratio of 2.20 and a beta of 1.11. The company’s 50-day simple moving average is $260.54 and its 200-day simple moving average is $253.93. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01.
Lowe’s Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio 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.
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