International Assets Investment Management LLC Has $1.90 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

International Assets Investment Management LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 82.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,347 shares of the home improvement retailer’s stock after selling 34,595 shares during the quarter. International Assets Investment Management LLC’s holdings in Lowe’s Companies were worth $1,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacifica Partners Inc. acquired a new position in Lowe’s Companies in the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $32,000. Moors & Cabot Inc. boosted its stake in shares of Lowe’s Companies by 80.7% in the 3rd quarter. Moors & Cabot Inc. now owns 32,000 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 14,288 shares during the last quarter. Consolidated Planning Corp bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $44,000. Finally, Tobam bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.

A number of equities research analysts have recently commented on LOW shares. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, January 18th. Wells Fargo & Company reduced their price objective on shares of Lowe’s Companies from $295.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Loop Capital reduced their price objective on shares of Lowe’s Companies from $240.00 to $190.00 in a research note on Tuesday, April 12th. Wedbush cut their target price on shares of Lowe’s Companies from $260.00 to $240.00 in a research note on Thursday, February 24th. Finally, Telsey Advisory Group increased their target price on shares of Lowe’s Companies from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, February 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Buy” and an average price target of $257.30.

Shares of LOW stock traded up $2.30 on Friday, hitting $194.00. The stock had a trading volume of 2,911,878 shares, compared to its average volume of 3,651,404. The business has a 50 day moving average of $209.18 and a 200 day moving average of $229.23. The stock has a market cap of $128.26 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25. Lowe’s Companies, Inc. has a 12-month low of $182.08 and a 12-month high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its earnings results on Wednesday, February 23rd. The home improvement retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $21.34 billion during the quarter, compared to the consensus estimate of $20.91 billion. Lowe’s Companies had a net margin of 8.77% and a negative return on equity of 551.52%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 13.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 4th. Stockholders of record on Wednesday, April 20th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, April 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.65%. Lowe’s Companies’s dividend payout ratio is currently 26.73%.

Lowe’s Companies Profile (Get Rating)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

Featured Articles

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOWGet Rating).

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.