Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Lakeside Advisors INC.

Lakeside Advisors INC. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 4,103 shares of the home improvement retailer’s stock after selling 100 shares during the period. Lakeside Advisors INC.’s holdings in Lowe’s Companies were worth $913,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LOW. Norges Bank purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $1,461,267,000. Moneta Group Investment Advisors LLC boosted its stake in shares of Lowe’s Companies by 107,710.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock valued at $1,012,147,000 after buying an additional 5,075,327 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Lowe’s Companies by 187,225.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after buying an additional 2,110,032 shares during the last quarter. Morgan Stanley boosted its stake in shares of Lowe’s Companies by 21.3% during the 4th quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after buying an additional 2,050,089 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $430,090,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LOW. Mizuho began coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 target price for the company. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Oppenheimer restated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research note on Monday, March 4th. Wedbush raised their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, DA Davidson restated a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Trading Down 0.7 %

NYSE LOW traded down $1.66 during trading on Wednesday, reaching $228.35. 2,201,031 shares of the company’s stock were exchanged, compared to its average volume of 2,331,366. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm has a market capitalization of $130.66 billion, a PE ratio of 17.35, a P/E/G ratio of 1.70 and a beta of 1.13. The company’s fifty day simple moving average is $239.15 and its 200-day simple moving average is $218.31.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the company posted $2.28 EPS. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. Lowe’s Companies’s dividend payout ratio is 33.43%.

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.