Fiera Capital Corp Cuts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Fiera Capital Corp trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 798,020 shares of the home improvement retailer’s stock after selling 33,644 shares during the quarter. Fiera Capital Corp’s holdings in Lowe’s Companies were worth $196,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its position in Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares during the last quarter. Creative Planning increased its position in shares of Lowe’s Companies by 9.0% during the 3rd quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock valued at $59,002,000 after purchasing an additional 18,383 shares during the last quarter. Oxinas Partners Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth $234,000. Brady Family Wealth LLC boosted its holdings in shares of Lowe’s Companies by 1.0% in the 3rd quarter. Brady Family Wealth LLC now owns 42,584 shares of the home improvement retailer’s stock worth $11,534,000 after buying an additional 434 shares during the last quarter. Finally, Lynch & Associates IN grew its position in Lowe’s Companies by 0.3% during the third quarter. Lynch & Associates IN now owns 25,040 shares of the home improvement retailer’s stock valued at $6,782,000 after buying an additional 86 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 2.6 %

LOW opened at $250.32 on Thursday. The business’s fifty day simple moving average is $256.59 and its 200 day simple moving average is $258.39. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The stock has a market cap of $141.34 billion, a PE ratio of 20.88, a P/E/G ratio of 2.04 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.84%. Lowe’s Companies’s payout ratio is 38.37%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Sanford C. Bernstein lifted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. TD Cowen raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Stifel Nicolaus upped their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $280.88.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

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.