Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,220 shares of the home improvement retailer’s stock after selling 357 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Lowe’s Companies were worth $6,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alpha Financial Advisors LLC raised its holdings in shares of Lowe’s Companies by 12.6% during the 4th quarter. Alpha Financial Advisors LLC now owns 895 shares of the home improvement retailer’s stock valued at $221,000 after buying an additional 100 shares during the period. Patton Albertson Miller Group LLC lifted its position in shares of Lowe’s Companies by 2.3% during the fourth quarter. Patton Albertson Miller Group LLC now owns 31,764 shares of the home improvement retailer’s stock worth $7,839,000 after purchasing an additional 729 shares during the last quarter. Insight Inv LLC raised its position in shares of Lowe’s Companies by 1.4% during the 4th quarter. Insight Inv LLC now owns 5,302 shares of the home improvement retailer’s stock valued at $1,309,000 after acquiring an additional 75 shares in the last quarter. CFS Investment Advisory Services LLC lifted its position in shares of Lowe’s Companies by 0.9% in the 4th quarter. CFS Investment Advisory Services LLC now owns 11,701 shares of the home improvement retailer’s stock worth $2,888,000 after buying an additional 109 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of Lowe’s Companies by 7.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 10,330 shares of the home improvement retailer’s stock valued at $2,549,000 after purchasing an additional 739 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity

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

Lowe’s Companies Price Performance

LOW opened at $262.35 on Friday. The company has a market capitalization of $148.13 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 2.16 and a beta of 1.11. The firm’s fifty day moving average price is $259.11 and its two-hundred day moving average price is $255.95. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.75%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LOW shares. Evercore ISI boosted 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, December 12th. Bank of America upped their price target on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Truist Financial lowered their price target on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company 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’s stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $280.85.

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.