High Net Worth Advisory Group LLC Lowers Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

High Net Worth Advisory Group LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,723 shares of the home improvement retailer’s stock after selling 39 shares during the period. High Net Worth Advisory Group LLC’s holdings in Lowe’s Companies were worth $919,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC raised its position in Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Lowe’s Companies by 1,889.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock valued at $578,256,000 after purchasing an additional 2,027,668 shares in the last quarter. Applied Finance Capital Management LLC lifted its stake in shares of Lowe’s Companies by 387.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock valued at $219,761,000 after purchasing an additional 645,017 shares during the period. State Street Corp boosted its holdings in Lowe’s Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after buying an additional 460,851 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Lowe’s Companies by 219.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer’s stock valued at $124,142,000 after buying an additional 314,861 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LOW shares. Bank of America upped their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price target for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Piper Sandler increased their target price on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Barclays lifted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by insiders.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $262.35 on Monday. The stock’s 50-day moving average is $259.11 and its two-hundred day moving average is $256.23. The company has a market cap of $148.13 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.75%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

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.