Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,030 shares of the home improvement retailer’s stock after selling 72 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Lowe’s Companies were worth $6,424,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale grew its stake in shares of Lowe’s Companies by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 209,846 shares of the home improvement retailer’s stock worth $45,961,000 after purchasing an additional 594 shares during the period. Wealthspire Advisors LLC raised its position in shares of Lowe’s Companies by 1.1% in the second quarter. Wealthspire Advisors LLC now owns 6,972 shares of the home improvement retailer’s stock worth $1,537,000 after acquiring an additional 74 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Lowe’s Companies by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,617,849 shares of the home improvement retailer’s stock valued at $356,671,000 after purchasing an additional 90,945 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Lowe’s Companies by 3.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,215 shares of the home improvement retailer’s stock worth $1,591,000 after purchasing an additional 272 shares during the period. Finally, Lyell Wealth Management LP boosted its position in Lowe’s Companies by 2.0% during the second quarter. Lyell Wealth Management LP now owns 4,320 shares of the home improvement retailer’s stock worth $952,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded up $0.74 during trading hours on Monday, hitting $248.64. The company had a trading volume of 2,551,283 shares, compared to its average volume of 2,351,073. The company’s 50-day moving average is $261.23 and its two-hundred day moving average is $253.51. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The company has a market cap of $140.39 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Evercore ISI increased their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. TD Cowen boosted 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. Sanford C. Bernstein raised their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Bank of America increased their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Company 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.