World Investment Advisors LLC Buys 1,670 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

World Investment Advisors LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,714 shares of the home improvement retailer’s stock after purchasing an additional 1,670 shares during the quarter. World Investment Advisors LLC’s holdings in Lowe’s Companies were worth $6,423,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. StoneX Group Inc. bought a new position in shares of Lowe’s Companies in the third quarter valued at approximately $2,713,000. HM Payson & Co. raised its position in Lowe’s Companies by 1.1% in the 3rd quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock valued at $58,409,000 after purchasing an additional 2,322 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Lowe’s Companies during the third quarter worth $16,143,000. Daymark Wealth Partners LLC increased its stake in shares of Lowe’s Companies by 12.7% in the second quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer’s stock valued at $5,637,000 after buying an additional 2,889 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of Lowe’s Companies in the third quarter valued at about $5,976,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LOW shares. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Piper Sandler raised their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Stifel Nicolaus increased their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday. DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Down 1.6 %

Lowe’s Companies stock opened at $263.50 on Friday. The company has a 50 day moving average of $270.80 and a 200-day moving average of $248.90. Lowe’s Companies, Inc. has a twelve month low of $206.08 and a twelve month high of $287.01. The stock has a market capitalization of $148.79 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.

Lowe’s Companies 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.