Fulton Bank N.A. Has $4.11 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Fulton Bank N.A. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,658 shares of the home improvement retailer’s stock after selling 1,530 shares during the period. Fulton Bank N.A.’s holdings in Lowe’s Companies were worth $4,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in shares of Lowe’s Companies by 352.6% in the second quarter. Acadian Asset Management LLC now owns 14,438 shares of the home improvement retailer’s stock valued at $3,180,000 after buying an additional 11,248 shares during the last quarter. Quest Partners LLC grew its stake in shares of Lowe’s Companies by 130,740.0% during the second quarter. Quest Partners LLC now owns 6,542 shares of the home improvement retailer’s stock valued at $1,442,000 after purchasing an additional 6,537 shares during the last quarter. Private Management Group Inc. increased its holdings in shares of Lowe’s Companies by 6.4% in the second quarter. Private Management Group Inc. now owns 1,360 shares of the home improvement retailer’s stock valued at $300,000 after purchasing an additional 82 shares in the last quarter. Choreo LLC raised its position in Lowe’s Companies by 115.5% in the 2nd quarter. Choreo LLC now owns 30,802 shares of the home improvement retailer’s stock worth $6,596,000 after purchasing an additional 16,512 shares during the last quarter. Finally, LGT Fund Management Co Ltd. acquired a new position in Lowe’s Companies during the 2nd quarter worth $292,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LOW. Bank of America boosted their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Sanford C. Bernstein boosted their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. DA Davidson raised their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $280.85.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was 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 link. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Down 0.1 %

Shares of NYSE LOW traded down $0.17 during midday trading on Wednesday, reaching $246.40. The company’s stock had a trading volume of 712,452 shares, compared to its average volume of 1,938,139. The stock has a 50 day simple moving average of $262.10 and a 200-day simple moving average of $252.97. The stock has a market capitalization of $139.13 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.87%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

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.