Fulton Breakefield Broenniman LLC Has $27.50 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Fulton Breakefield Broenniman LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the fourth quarter, Holdings Channel reports. The fund owned 111,406 shares of the home improvement retailer’s stock after selling 542 shares during the quarter. Lowe’s Companies makes up 2.0% of Fulton Breakefield Broenniman LLC’s holdings, making the stock its 15th largest holding. Fulton Breakefield Broenniman LLC’s holdings in Lowe’s Companies were worth $27,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its position in Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares in the last quarter. International Assets Investment Management LLC grew its position in Lowe’s Companies by 1,889.7% in the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after acquiring an additional 2,027,668 shares in the last quarter. Applied Finance Capital Management LLC grew its position in Lowe’s Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after acquiring an additional 645,017 shares in the last quarter. State Street Corp grew its position in Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after acquiring an additional 460,851 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Lowe’s Companies by 219.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer’s stock worth $124,142,000 after acquiring an additional 314,861 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.4 %

NYSE LOW opened at $264.68 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $209.81 and a 12-month high of $287.01. The company has a market capitalization of $149.45 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. The firm’s 50 day moving average is $259.04 and its 200-day moving average is $256.75.

Lowe’s Companies Announces Dividend

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

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were 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 of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LOW has been the subject of several recent research reports. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Truist Financial decreased their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Evercore ISI upped 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 report on Thursday, December 12th. Bank of America upped their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, TD Cowen upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

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.