Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Increased by Pure Financial Advisors LLC

Pure Financial Advisors LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,987 shares of the home improvement retailer’s stock after purchasing an additional 177 shares during the period. Pure Financial Advisors LLC’s holdings in Lowe’s Companies were worth $490,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Tudor Financial Inc. increased its stake in shares of Lowe’s Companies by 23.5% in the fourth quarter. Tudor Financial Inc. now owns 8,557 shares of the home improvement retailer’s stock worth $2,112,000 after acquiring an additional 1,627 shares during the last quarter. Addenda Capital Inc. increased its position in Lowe’s Companies by 0.9% in the 4th quarter. Addenda Capital Inc. now owns 36,218 shares of the home improvement retailer’s stock worth $8,939,000 after purchasing an additional 309 shares during the last quarter. Ulland Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 1.2% during the 4th quarter. Ulland Investment Advisors LLC now owns 10,255 shares of the home improvement retailer’s stock worth $2,531,000 after purchasing an additional 123 shares in the last quarter. SFG Wealth Management LLC. acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $262,000. Finally, Uncommon Cents Investing LLC grew its stake in shares of Lowe’s Companies by 1.5% in the 4th quarter. Uncommon Cents Investing LLC now owns 3,085 shares of the home improvement retailer’s stock valued at $761,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $264.34 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The firm has a market cap of $149.26 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. The firm’s 50-day simple moving average is $259.83 and its 200-day simple moving average is $255.23.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.74%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays raised their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Guggenheim restated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, Bank of America boosted their target price on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target 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.