IPG Investment Advisors LLC Acquires Shares of 3,971 Lowe’s Companies, Inc. (NYSE:LOW)

IPG Investment Advisors LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,971 shares of the home improvement retailer’s stock, valued at approximately $884,000.

Other large investors also recently modified their holdings of the company. Wetzel Investment Advisors Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at $25,000. Tidemark LLC purchased a new position in Lowe’s Companies in the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth $26,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at about $33,000. Finally, VisionPoint Advisory Group LLC increased its position in shares of Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded down $2.27 on Monday, hitting $215.21. The company’s stock had a trading volume of 2,632,300 shares, compared to its average volume of 2,449,284. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The company has a market capitalization of $123.14 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15. The stock’s 50-day moving average is $236.44 and its two-hundred day moving average is $225.23.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter last year, the business posted $3.67 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts expect that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LOW. Zelman & Associates reaffirmed a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $246.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. UBS Group increased their price objective on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group increased their price objective on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, Gordon Haskett restated a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $251.33.

Get Our Latest Report on LOW

Lowe’s Companies Company Profile

(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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