Apollon Wealth Management LLC Buys 17,538 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Apollon Wealth Management LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 96.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,678 shares of the home improvement retailer’s stock after purchasing an additional 17,538 shares during the quarter. Apollon Wealth Management LLC’s holdings in Lowe’s Companies were worth $8,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB lifted its holdings in Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares during the period. Quotient Wealth Partners LLC lifted its stake in shares of Lowe’s Companies by 14.7% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,514 shares of the home improvement retailer’s stock valued at $681,000 after purchasing an additional 323 shares during the period. Tobam boosted its position in shares of Lowe’s Companies by 36.7% during the 3rd quarter. Tobam now owns 730 shares of the home improvement retailer’s stock valued at $198,000 after purchasing an additional 196 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in Lowe’s Companies by 5.7% during the third quarter. Pinnacle Bancorp Inc. now owns 3,720 shares of the home improvement retailer’s stock worth $1,008,000 after purchasing an additional 200 shares during the period. Finally, Watts Gwilliam & Co. LLC acquired a new stake in Lowe’s Companies during the third quarter worth approximately $232,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Down 1.9 %

Shares of NYSE:LOW opened at $252.17 on Friday. The company has a 50-day moving average price of $257.65 and a two-hundred day moving average price of $257.70. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm has a market capitalization of $142.39 billion, a PE ratio of 21.03, a P/E/G ratio of 2.04 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were paid a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.82%. Lowe’s Companies’s dividend payout ratio is 38.37%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Truist Financial cut their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Royal Bank of Canada upped their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Company 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.