Colton Groome Financial Advisors LLC Sells 461 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Colton Groome Financial Advisors LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,677 shares of the home improvement retailer’s stock after selling 461 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Lowe’s Companies were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Lowe’s Companies by 7.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 59,954 shares of the home improvement retailer’s stock valued at $13,218,000 after buying an additional 4,343 shares during the last quarter. Advisory Alpha LLC boosted its holdings in shares of Lowe’s Companies by 8.5% in the 2nd quarter. Advisory Alpha LLC now owns 3,906 shares of the home improvement retailer’s stock valued at $861,000 after acquiring an additional 306 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Lowe’s Companies during the second quarter worth $266,000. Clearbridge Investments LLC lifted its position in Lowe’s Companies by 3.1% during the second quarter. Clearbridge Investments LLC now owns 334,326 shares of the home improvement retailer’s stock valued at $73,706,000 after purchasing an additional 10,039 shares during the period. Finally, RiverFront Investment Group LLC purchased a new stake in Lowe’s Companies in the second quarter valued at $420,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LOW. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Insiders Place Their Bets

In other Lowe’s Companies 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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction 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.

Lowe’s Companies Price Performance

NYSE LOW opened at $264.48 on Thursday. The company has a market cap of $149.34 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The stock has a 50-day moving average of $259.15 and a two-hundred day moving average of $256.97.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s 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.