Doyle Wealth Management Has $341,000 Stake in Lowe’s Companies, Inc. (LOW)

Doyle Wealth Management continued to hold its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, Holdings Channel reports. The institutional investor owned 4,400 shares of the home improvement retailer’s stock at the end of the second quarter. Doyle Wealth Management’s holdings in Lowe’s Companies were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. ELM Advisors LLC bought a new stake in shares of Lowe’s Companies during the first quarter valued at $208,000. Honkamp Krueger Financial Services Inc. increased its stake in shares of Lowe’s Companies by 9.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,752 shares of the home improvement retailer’s stock valued at $555,000 after buying an additional 574 shares in the last quarter. Horrell Capital Management Inc. increased its stake in shares of Lowe’s Companies by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,406 shares of the home improvement retailer’s stock valued at $2,253,000 after buying an additional 100 shares in the last quarter. TNB Financial bought a new stake in shares of Lowe’s Companies during the first quarter valued at $970,000. Finally, First National Bank of Omaha increased its stake in shares of Lowe’s Companies by 8.2% in the first quarter. First National Bank of Omaha now owns 5,936 shares of the home improvement retailer’s stock valued at $488,000 after buying an additional 450 shares in the last quarter. Institutional investors own 74.70% of the company’s stock.

Lowe’s Companies, Inc. (LOW) traded down 1.19% on Thursday, reaching $77.41. 2,037,206 shares of the company’s stock were exchanged. The company has a market cap of $65.35 billion, a P/E ratio of 24.27 and a beta of 1.08. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a 50 day moving average of $76.78 and a 200-day moving average of $79.39. Lowe’s Companies also was the target of some unusual options trading activity on Monday. Stock traders bought 6,466 put options on the stock. This represents an increase of 538% compared to the average volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the consensus estimate of $1.06 by $0.03. The business had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Equities analysts expect that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th were given a $0.41 dividend. The ex-dividend date was Monday, July 24th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. Lowe’s Companies’s dividend payout ratio is currently 51.57%.

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Several brokerages have weighed in on LOW. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Wolfe Research reaffirmed an “outperform” rating and set a $94.00 price target (down from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $69.00 price target on shares of Lowe’s Companies in a research report on Wednesday, July 12th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Vetr downgraded Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target on the stock. in a research report on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Hold” and an average price target of $85.39.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the sale, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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