Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.9% during the 4th quarter, Holdings Channel reports. The fund owned 2,344 shares of the home improvement retailer’s stock after selling 174 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LOW. AQR Capital Management LLC raised its position in Lowe’s Companies by 37.6% in the second quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock valued at $17,664,000 after purchasing an additional 21,995 shares during the period. Ascent Group LLC increased its stake in Lowe’s Companies by 12.0% during the second quarter. Ascent Group LLC now owns 4,028 shares of the home improvement retailer’s stock worth $888,000 after purchasing an additional 432 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies during the second quarter worth about $394,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Lowe’s Companies by 7.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 59,954 shares of the home improvement retailer’s stock valued at $13,218,000 after purchasing an additional 4,343 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in shares of Lowe’s Companies by 2.8% in the second quarter. Sunbelt Securities Inc. now owns 6,952 shares of the home improvement retailer’s stock valued at $1,533,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW opened at $264.68 on Wednesday. The stock has a market capitalization of $149.45 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 1 year low of $209.81 and a 1 year high of $287.01. The company’s fifty day moving average is $259.15 and its two-hundred day moving average is $256.97.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.74%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Insider Buying and Selling

In related 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 transaction of $1,974,915.26. Following the transaction, the executive vice president now owns 16,703 shares of the company’s stock, 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 link. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on LOW. Truist Financial reduced their price objective on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Barclays raised their price target on 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. TD Cowen upped their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has a consensus 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.