Level Four Advisory Services LLC Acquires 101 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Level Four Advisory Services LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,954 shares of the home improvement retailer’s stock after buying an additional 101 shares during the quarter. Level Four Advisory Services LLC’s holdings in Lowe’s Companies were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ontario Teachers Pension Plan Board increased its holdings in shares of Lowe’s Companies by 7.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 13,601 shares of the home improvement retailer’s stock worth $2,720,000 after purchasing an additional 965 shares during the last quarter. Golden State Equity Partners purchased a new position in Lowe’s Companies during the 1st quarter valued at approximately $558,000. Macquarie Group Ltd. increased its stake in Lowe’s Companies by 450.8% in the 1st quarter. Macquarie Group Ltd. now owns 2,556,364 shares of the home improvement retailer’s stock worth $511,196,000 after acquiring an additional 2,092,245 shares during the last quarter. Warther Private Wealth LLC raised its holdings in shares of Lowe’s Companies by 3.2% during the 1st quarter. Warther Private Wealth LLC now owns 18,225 shares of the home improvement retailer’s stock worth $3,644,000 after acquiring an additional 570 shares in the last quarter. Finally, Empower Advisory Group LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at approximately $34,123,000. Institutional investors own 71.88% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $222.53, for a total value of $1,001,385.00. Following the completion of the transaction, the executive vice president now owns 46,594 shares of the company’s stock, valued at approximately $10,368,562.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the completion of the transaction, the executive vice president now owns 46,594 shares in the company, valued at approximately $10,368,562.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Janice Dupre sold 5,380 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total value of $1,244,286.40. Following the transaction, the executive vice president now directly owns 24,216 shares of the company’s stock, valued at approximately $5,600,676.48. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW opened at $228.82 on Thursday. The stock has a 50-day moving average of $227.72 and a two-hundred day moving average of $213.15. The stock has a market cap of $132.06 billion, a P/E ratio of 22.52, a P/E/G ratio of 1.52 and a beta of 1.09. Lowe’s Companies, Inc. has a one year low of $176.50 and a one year high of $237.21.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.07. Lowe’s Companies had a negative return on equity of 58.56% and a net margin of 6.48%. The firm had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.97 billion. During the same quarter in the prior year, the firm earned $4.67 earnings per share. Lowe’s Companies’s revenue for the quarter was down 9.2% on a year-over-year basis. Analysts predict that Lowe’s Companies, Inc. will post 13.45 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 43.31%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LOW. Robert W. Baird boosted their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, August 22nd. Truist Financial boosted their target price on Lowe’s Companies from $249.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. DA Davidson increased their price target on Lowe’s Companies from $228.00 to $237.00 in a report on Wednesday, May 24th. UBS Group boosted their price objective on Lowe’s Companies from $250.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $230.00 price target (up from $225.00) on shares of Lowe’s Companies in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Hold” and an average target price of $237.48.

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.