Capital Investment Advisors LLC Raises Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Capital Investment Advisors LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,439 shares of the home improvement retailer’s stock after buying an additional 84 shares during the quarter. Capital Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. StoneX Group Inc. purchased a new position in Lowe’s Companies during the third quarter valued at approximately $2,713,000. Principal Financial Group Inc. boosted its holdings in Lowe’s Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after purchasing an additional 24,812 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Lowe’s Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after purchasing an additional 4,435 shares in the last quarter. HM Payson & Co. increased its holdings in shares of Lowe’s Companies by 1.1% in the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer’s stock worth $58,409,000 after purchasing an additional 2,322 shares during the period. Finally, Weiss Asset Management LP bought a new position in Lowe’s Companies in the 3rd quarter worth about $16,143,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 0.3 %

Shares of Lowe’s Companies stock opened at $248.64 on Tuesday. The business has a 50 day moving average of $260.90 and a 200 day moving average of $253.71. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The company has a market cap of $140.39 billion, a PE ratio of 20.74, a P/E/G ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.85%. Lowe’s Companies’s dividend payout ratio is 38.37%.

Analyst Ratings Changes

LOW has been the topic of several research analyst reports. Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson lifted their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their target price 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. Finally, Mizuho lifted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

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.