Toth Financial Advisory Corp Lowers Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Toth Financial Advisory Corp lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,440 shares of the home improvement retailer’s stock after selling 802 shares during the period. Lowe’s Companies makes up 1.2% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 22nd largest holding. Toth Financial Advisory Corp’s holdings in Lowe’s Companies were worth $9,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFS Advisors LLC bought a new stake in Lowe’s Companies in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the 3rd quarter worth $27,000. Winch Advisory Services LLC increased its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares in the last quarter. JNBA Financial Advisors raised 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 valued at $32,000 after acquiring an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC lifted its position in shares of 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 valued at $35,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.4 %

Shares of Lowe’s Companies stock opened at $262.35 on Friday. The stock’s fifty day moving average is $259.11 and its two-hundred day moving average is $255.95. The company has a market capitalization of $148.13 billion, a PE 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 52 week low of $209.55 and a 52 week high of $287.01.

Lowe’s Companies Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the 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 approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein lifted their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Piper Sandler lifted 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. Finally, Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Ten 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, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

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.