Pflug Koory LLC Decreases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Pflug Koory LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,945 shares of the home improvement retailer’s stock after selling 163 shares during the period. Pflug Koory LLC’s holdings in Lowe’s Companies were worth $1,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cottonwood Capital Advisors LLC lifted its holdings in Lowe’s Companies by 7.6% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 979 shares of the home improvement retailer’s stock valued at $242,000 after purchasing an additional 69 shares during the last quarter. Goelzer Investment Management Inc. boosted its holdings in Lowe’s Companies by 0.8% in the 4th quarter. Goelzer Investment Management Inc. now owns 24,364 shares of the home improvement retailer’s stock worth $6,013,000 after buying an additional 194 shares during the period. CX Institutional grew its stake in Lowe’s Companies by 12.3% in the 4th quarter. CX Institutional now owns 21,950 shares of the home improvement retailer’s stock valued at $5,417,000 after buying an additional 2,407 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in Lowe’s Companies by 10.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 968 shares of the home improvement retailer’s stock valued at $239,000 after acquiring an additional 93 shares during the period. Finally, Patriot Investment Management Group Inc. raised its holdings in Lowe’s Companies by 6.7% during the 4th quarter. Patriot Investment Management Group Inc. now owns 1,399 shares of the home improvement retailer’s stock valued at $345,000 after acquiring an additional 88 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

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 transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now 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 transaction 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 corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LOW shares. Barclays lifted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein upped their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada raised their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research 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 stock a “hold” rating in a report on Monday, October 28th. Finally, Truist Financial lowered their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $262.35 on Friday. Lowe’s Companies, Inc. has a one year low of $209.55 and a one year high of $287.01. The business’s 50 day simple moving average is $259.25 and its two-hundred day simple moving average is $255.64. The stock has a market capitalization of $148.13 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Announces Dividend

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. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.75%. Lowe’s Companies’s dividend payout ratio is currently 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.