High Net Worth Advisory Group LLC Reduces Stake in Lowe’s Companies, Inc. (NYSE:LOW)

High Net Worth Advisory Group LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,723 shares of the home improvement retailer’s stock after selling 39 shares during the period. High Net Worth Advisory Group LLC’s holdings in Lowe’s Companies were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Stablepoint Partners LLC lifted its position in Lowe’s Companies by 2.5% in the fourth quarter. Stablepoint Partners LLC now owns 9,551 shares of the home improvement retailer’s stock worth $2,357,000 after buying an additional 234 shares during the last quarter. Novare Capital Management LLC lifted its holdings in shares of Lowe’s Companies by 0.3% in the 4th quarter. Novare Capital Management LLC now owns 46,522 shares of the home improvement retailer’s stock worth $11,482,000 after acquiring an additional 161 shares during the last quarter. Guerra Pan Advisors LLC boosted its stake in shares of Lowe’s Companies by 19.2% during the 4th quarter. Guerra Pan Advisors LLC now owns 962 shares of the home improvement retailer’s stock worth $237,000 after purchasing an additional 155 shares during the period. Clarendon Private LLC bought a new position in Lowe’s Companies during the 4th quarter valued at about $453,000. Finally, Alpha Financial Advisors LLC raised its position in Lowe’s Companies by 12.6% in the 4th quarter. Alpha Financial Advisors LLC now owns 895 shares of the home improvement retailer’s stock worth $221,000 after purchasing an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LOW. Royal Bank of Canada upped their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Sanford C. Bernstein upped their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Wedbush restated 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 lifted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, 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 stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $262.35 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01. The firm has a market capitalization of $148.13 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.16 and a beta of 1.11. The stock’s 50-day simple moving average is $259.11 and its 200-day simple moving average is $256.23.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. 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 1.75%. Lowe’s Companies’s payout ratio is 38.37%.

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.