Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Global Retirement Partners LLC


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Global Retirement Partners LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,499 shares of the home improvement retailer’s stock after selling 306 shares during the quarter. Global Retirement Partners LLC’s holdings in Lowe’s Companies were worth $1,204,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ellenbecker Investment Group increased its stake in Lowe’s Companies by 5.1% in the fourth quarter. Ellenbecker Investment Group now owns 1,380 shares of the home improvement retailer’s stock valued at $221,000 after purchasing an additional 67 shares during the period. OneAscent Financial Services LLC increased its stake in Lowe’s Companies by 16.8% in the fourth quarter. OneAscent Financial Services LLC now owns 12,364 shares of the home improvement retailer’s stock valued at $1,985,000 after purchasing an additional 1,777 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management boosted its holdings in shares of Lowe’s Companies by 2.6% in the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,741 shares of the home improvement retailer’s stock valued at $921,000 after acquiring an additional 148 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $223,000. Finally, KMG Fiduciary Partners LLC boosted its holdings in shares of Lowe’s Companies by 3.1% in the fourth quarter. KMG Fiduciary Partners LLC now owns 3,466 shares of the home improvement retailer’s stock valued at $558,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

Shares of NYSE:LOW opened at $169.83 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20. Lowe’s Companies, Inc. has a 52-week low of $60.00 and a 52-week high of $180.67. The stock’s fifty day simple moving average is $159.72 and its 200-day simple moving average is $157.66. The company has a market capitalization of $124.44 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.12 and a beta of 1.37.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 17th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.01. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. The business had revenue of $22.31 billion for the quarter, compared to the consensus estimate of $21.08 billion. During the same period in the prior year, the business earned $1.41 earnings per share. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 8.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 3rd. Stockholders of record on Wednesday, January 20th will be given a $0.60 dividend. The ex-dividend date is Tuesday, January 19th. This represents a $2.40 annualized dividend and a dividend yield of 1.41%. Lowe’s Companies’s dividend payout ratio is currently 41.96%.

Several analysts have recently weighed in on LOW shares. Royal Bank of Canada lowered their target price on shares of Lowe’s Companies from $186.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, November 19th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $166.00 target price on the stock. in a report on Thursday, November 12th. BNP Paribas started coverage on shares of Lowe’s Companies in a report on Monday, October 5th. They issued a “neutral” rating and a $159.00 target price on the stock. KeyCorp lifted their target price on shares of Lowe’s Companies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, FIG Partners raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Tuesday, December 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $171.82.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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