Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Reduced by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,643 shares of the home improvement retailer’s stock after selling 475 shares during the period. Roberts Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JBGlobal.com LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at approximately $795,000. Atomi Financial Group Inc. increased its stake in shares of Lowe’s Companies by 6.7% during the 4th quarter. Atomi Financial Group Inc. now owns 7,032 shares of the home improvement retailer’s stock worth $1,736,000 after purchasing an additional 442 shares during the last quarter. Prairie Sky Financial Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at $257,000. Transform Wealth LLC lifted its stake in shares of Lowe’s Companies by 2.1% in the 4th quarter. Transform Wealth LLC now owns 14,565 shares of the home improvement retailer’s stock valued at $3,595,000 after purchasing an additional 296 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its holdings in Lowe’s Companies by 1.4% in the fourth quarter. Alpha Cubed Investments LLC now owns 5,137 shares of the home improvement retailer’s stock worth $1,268,000 after purchasing an additional 70 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $264.34 on Wednesday. The company has a 50-day moving average of $259.83 and a 200-day moving average of $255.23. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The company has a market capitalization of $149.26 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of several recent research reports. Piper Sandler raised their target price on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and upped their target price for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Royal Bank of Canada increased their price target on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

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.