Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Woodard & Co. Asset Management Group Inc. ADV

Woodard & Co. Asset Management Group Inc. ADV lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,111 shares of the home improvement retailer’s stock after selling 49 shares during the quarter. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Lowe’s Companies were worth $1,384,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC grew its holdings in shares of Lowe’s Companies by 26.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,029 shares of the home improvement retailer’s stock worth $2,045,000 after acquiring an additional 1,697 shares during the period. Thrive Wealth Management LLC grew its holdings in Lowe’s Companies by 14.4% in the first quarter. Thrive Wealth Management LLC now owns 1,302 shares of the home improvement retailer’s stock valued at $332,000 after purchasing an additional 164 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of Lowe’s Companies in the first quarter valued at $239,000. Register Financial Advisors LLC acquired a new position in shares of Lowe’s Companies during the 1st quarter worth $62,000. Finally, Sawyer & Company Inc boosted its position in shares of Lowe’s Companies by 9.3% in the 1st quarter. Sawyer & Company Inc now owns 4,447 shares of the home improvement retailer’s stock worth $1,133,000 after buying an additional 377 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This trade represents a 0.00 % 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 this link. In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Up 0.5 %

Shares of LOW stock opened at $271.36 on Friday. The business has a 50 day moving average of $259.66 and a two-hundred day moving average of $239.47. The company has a market cap of $154.63 billion, a P/E ratio of 21.80, a PEG ratio of 2.28 and a beta of 1.10. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The firm had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.56 EPS. Analysts expect that Lowe’s Companies, Inc. will post 11.91 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.70%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 36.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. TD Cowen raised their target price on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Thursday, September 19th. Bank of America boosted their target price 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. Royal Bank of Canada dropped their price target on Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 21st. Finally, Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $270.60.

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.