Eagle Bay Advisors LLC Has $215,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Eagle Bay Advisors LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 869 shares of the home improvement retailer’s stock after selling 208 shares during the period. Eagle Bay Advisors LLC’s holdings in Lowe’s Companies were worth $215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth $27,000. JNBA Financial Advisors raised its holdings in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the period. MFA Wealth Advisors LLC raised its holdings 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 acquiring an additional 70 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Lowe’s Companies during the second quarter worth $37,000. Finally, Tsfg LLC raised its holdings in shares of Lowe’s Companies by 128.2% during the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded down $0.26 during midday trading on Monday, hitting $247.64. The company’s stock had a trading volume of 909,186 shares, compared to its average volume of 2,108,929. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01. The company has a 50-day moving average price of $261.23 and a two-hundred day moving average price of $253.51. The company has a market cap of $139.83 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Announces Dividend

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 paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LOW shares. Evercore ISI raised their price objective 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. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $280.85.

Read Our Latest Research Report on Lowe’s Companies

About Lowe’s Companies

(Free Report)

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

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