Diversify Advisory Services LLC Has $2.14 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Diversify Advisory Services LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 13.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,867 shares of the home improvement retailer’s stock after selling 1,240 shares during the quarter. Diversify Advisory Services LLC’s holdings in Lowe’s Companies were worth $2,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC increased its stake in shares of Lowe’s Companies by 62.0% in the third quarter. Fortitude Family Office LLC now owns 1,970 shares of the home improvement retailer’s stock valued at $534,000 after buying an additional 754 shares during the period. Gateway Wealth Partners LLC bought a new stake in Lowe’s Companies in the third quarter valued at approximately $208,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $1,047,000. SFE Investment Counsel raised its holdings in Lowe’s Companies by 1.0% during the 3rd quarter. SFE Investment Counsel now owns 49,018 shares of the home improvement retailer’s stock worth $13,277,000 after purchasing an additional 507 shares during the last quarter. Finally, Hunter Associates Investment Management LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $241,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LOW shares. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Bank of America lifted their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Morgan Stanley raised their target price on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Sanford C. Bernstein began coverage on Lowe’s Companies in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $323.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $271.60.

Insider Activity

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $262.99 on Wednesday. The company has a fifty day moving average price of $261.76 and a 200-day moving average price of $240.30. The firm has a market cap of $149.86 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.24 and a beta of 1.10. Lowe’s Companies, Inc. has a 1 year low of $183.79 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. During the same quarter last year, the business posted $4.56 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.91 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is 36.95%.

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.