SG Americas Securities LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 99.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,998 shares of the home improvement retailer’s stock after selling 351,139 shares during the quarter. SG Americas Securities LLC’s holdings in Lowe’s Companies were worth $493,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. IFS Advisors LLC bought a new position in Lowe’s Companies in the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter valued at approximately $27,000. Winch Advisory Services LLC boosted its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares in the last quarter. JNBA Financial Advisors grew its holdings in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares in the last quarter. 74.06% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
LOW has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Truist Financial cut their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. TD Cowen lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Bank of America boosted their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Evercore ISI raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.
Lowe’s Companies Price Performance
NYSE:LOW opened at $259.91 on Friday. The company has a 50 day moving average price of $259.00 and a 200-day moving average price of $257.24. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The firm has a market cap of $146.76 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11.
Lowe’s Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.77%. Lowe’s Companies’s payout ratio is 38.37%.
Insiders Place Their Bets
In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred 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 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 represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.
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.
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