Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,190 shares of the home improvement retailer’s stock after buying an additional 76 shares during the period. Lowe’s Companies accounts for 2.0% of Beaumont Financial Advisors LLC’s portfolio, making the stock its 12th biggest holding. Beaumont Financial Advisors LLC’s holdings in Lowe’s Companies were worth $22,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC grew its stake in shares of Lowe’s Companies by 33.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock worth $695,000 after purchasing an additional 843 shares during the last quarter. Harbour Trust & Investment Management Co bought a new stake in Lowe’s Companies during the fourth quarter worth approximately $5,890,000. Meridian Wealth Management LLC grew its position in Lowe’s Companies by 100.4% in the third quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock worth $6,492,000 after buying an additional 15,612 shares during the last quarter. Biondo Investment Advisors LLC increased its holdings in shares of Lowe’s Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after buying an additional 620 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of Lowe’s Companies by 18.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after acquiring an additional 584 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wedbush upped their target price on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Gordon Haskett reiterated a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a report on Wednesday, April 3rd. The Goldman Sachs Group upped their price target on shares of Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Barclays raised their price objective on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Finally, Zelman & Associates reissued a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Up 0.5 %

Shares of LOW stock traded up $1.13 during trading hours on Friday, reaching $229.92. 1,039,299 shares of the company’s stock were exchanged, compared to its average volume of 2,532,104. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market capitalization of $131.56 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.69 and a beta of 1.13. The business has a fifty day moving average price of $239.46 and a 200-day moving average price of $218.46.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The business’s revenue was down 17.1% compared to the same quarter last year. As a group, research analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.91%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

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.