Lowe’s Companies, Inc. (NYSE:LOW) Stock Position Lessened by Stableford Capital II LLC

Stableford Capital II LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,999 shares of the home improvement retailer’s stock after selling 56 shares during the quarter. Stableford Capital II LLC’s holdings in Lowe’s Companies were worth $1,234,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. IFS Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at $27,000. Winch Advisory Services LLC boosted its stake in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. JNBA Financial Advisors grew its holdings in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC raised its position in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after acquiring an additional 70 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 business’s stock in a transaction on 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 owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Performance

LOW opened at $259.91 on Friday. The company has a market cap of $146.76 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. The stock has a 50-day moving average of $259.00 and a 200-day moving average of $257.24. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

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 given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is 38.37%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LOW. Mizuho raised their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada upped their price target on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Truist Financial reduced their price objective 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. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and upped their target price for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.