Apella Capital LLC Buys New Shares in Lowe’s Companies, Inc. (NYSE:LOW)

Apella Capital LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,028 shares of the home improvement retailer’s stock, valued at approximately $254,000.

A number of other institutional investors have also bought and sold shares of the business. Virtu Financial LLC lifted its holdings in Lowe’s Companies by 3.1% in the 2nd quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer’s stock worth $727,000 after purchasing an additional 99 shares in the last quarter. Perennial Investment Advisors LLC raised its position in shares of Lowe’s Companies by 3.0% during the second quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer’s stock valued at $491,000 after buying an additional 64 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Lowe’s Companies by 27.2% in the second quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer’s stock worth $3,627,000 after buying an additional 3,521 shares in the last quarter. Financial & Tax Architects LLC boosted its position in shares of Lowe’s Companies by 5.4% during the second quarter. Financial & Tax Architects LLC now owns 26,973 shares of the home improvement retailer’s stock worth $5,946,000 after acquiring an additional 1,392 shares during the last quarter. Finally, Meridian Wealth Partners LLC grew its stake in Lowe’s Companies by 2.7% during the second quarter. Meridian Wealth Partners LLC now owns 1,887 shares of the home improvement retailer’s stock valued at $416,000 after acquiring an additional 49 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 firm’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 transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on LOW shares. 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. Melius Research began coverage on Lowe’s Companies in a research report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price on the stock. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Barclays upped their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Stock Up 2.2 %

Shares of Lowe’s Companies stock opened at $256.73 on Thursday. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The company has a market capitalization of $144.96 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The stock’s fifty day moving average is $260.54 and its two-hundred day moving average is $253.93.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

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.