Alpha Cubed Investments LLC Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Alpha Cubed Investments LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,137 shares of the home improvement retailer’s stock after purchasing an additional 70 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Lowe’s Companies were worth $1,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFS Advisors LLC bought a new position in Lowe’s Companies in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $27,000. Winch Advisory Services LLC increased its position in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the last quarter. JNBA Financial Advisors raised its stake in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC lifted its position in Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 1.0 %

LOW opened at $261.39 on Tuesday. The stock has a market capitalization of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.19 and a beta of 1.11. The firm has a 50 day moving average price of $259.83 and a 200-day moving average price of $255.23. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.76%. Lowe’s Companies’s payout ratio is 38.37%.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson increased their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price 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.