Lowe’s Companies, Inc. (NYSE:LOW) Holdings Cut by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 51.7% in the 4th quarter, Holdings Channel reports. The firm owned 4,164 shares of the home improvement retailer’s stock after selling 4,462 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Lowe’s Companies were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in LOW. FMR LLC lifted its stake 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 valued at $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Lowe’s Companies by 1,889.7% during 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 during the last quarter. Applied Finance Capital Management LLC increased its holdings in shares of Lowe’s Companies by 387.7% in the 3rd 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 during the period. Marshall Wace LLP lifted its position in Lowe’s Companies by 170.5% in the 2nd quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock valued at $162,178,000 after purchasing an additional 463,645 shares during the last quarter. Finally, State Street Corp boosted its stake in Lowe’s Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after purchasing an additional 460,851 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 1.1 %

Shares of NYSE LOW opened at $251.30 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The company has a market cap of $141.90 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.20 and a beta of 1.11. The business has a fifty day simple moving average of $260.54 and a 200-day simple moving average of $253.93.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on LOW shares. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Mizuho lifted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI boosted their price target on 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 raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada upped their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average 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.