Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,517 shares of the home improvement retailer’s stock after selling 200 shares during the period. Wendell David Associates Inc.’s holdings in Lowe’s Companies were worth $5,557,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Lowe’s Companies by 59.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 109,597 shares of the home improvement retailer’s stock valued at $24,162,000 after acquiring an additional 40,701 shares during the last quarter. Insigneo Advisory Services LLC grew its position in shares of Lowe’s Companies by 337.5% in the second quarter. Insigneo Advisory Services LLC now owns 6,974 shares of the home improvement retailer’s stock valued at $1,653,000 after purchasing an additional 5,380 shares during the last quarter. Caxton Associates LP purchased a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $1,276,000. Abich Financial Wealth Management LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $77,000. Finally, AQR Capital Management LLC lifted its stake in Lowe’s Companies by 37.6% in the 2nd quarter. AQR Capital Management LLC now owns 80,500 shares of the home improvement retailer’s stock valued at $17,664,000 after buying an additional 21,995 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 Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’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 value 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 $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $258.04 on Thursday. Lowe’s Companies, Inc. has a one year low of $209.55 and a one year high of $287.01. The stock’s 50 day moving average price is $259.72 and its 200 day moving average price is $255.58. The firm has a market capitalization of $145.70 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI boosted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. TD Cowen upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies 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.