Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Leisure Capital Management

Leisure Capital Management reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,676 shares of the home improvement retailer’s stock after selling 142 shares during the period. Lowe’s Companies comprises approximately 0.9% of Leisure Capital Management’s holdings, making the stock its 26th largest holding. Leisure Capital Management’s holdings in Lowe’s Companies were worth $2,388,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC raised its holdings in shares of Lowe’s Companies by 0.7% during the fourth quarter. Resonant Capital Advisors LLC now owns 11,974 shares of the home improvement retailer’s stock valued at $2,955,000 after buying an additional 80 shares during the last quarter. Brentview Investment Management LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $4,925,000. Catalina Capital Group LLC boosted its position in Lowe’s Companies by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,883 shares of the home improvement retailer’s stock worth $712,000 after acquiring an additional 65 shares during the period. S.A. Mason LLC grew its stake in shares of Lowe’s Companies by 1.9% in the fourth quarter. S.A. Mason LLC now owns 4,079 shares of the home improvement retailer’s stock worth $1,007,000 after purchasing an additional 75 shares in the last quarter. Finally, FSM Wealth Advisors LLC grew its stake in shares of Lowe’s Companies by 9.6% in the fourth quarter. FSM Wealth Advisors LLC now owns 1,650 shares of the home improvement retailer’s stock worth $427,000 after purchasing an additional 144 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Lowe’s Companies Stock Performance

Shares of LOW opened at $259.91 on Monday. The firm has a market cap of $146.76 billion, a PE ratio of 21.68, a PEG ratio of 2.18 and a beta of 1.11. The firm’s 50 day moving average price is $259.00 and its 200 day moving average price is $257.46. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is presently 38.37%.

Analysts Set New Price Targets

A number of research firms have commented on LOW. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Bank of America upped their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, TD Cowen boosted 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 report on Monday, October 28th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

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.