Leo Wealth LLC Sells 66 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Leo Wealth LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,184 shares of the home improvement retailer’s stock after selling 66 shares during the quarter. Leo Wealth LLC’s holdings in Lowe’s Companies were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFS Advisors LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the 3rd quarter valued at about $27,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. JNBA Financial Advisors increased its position in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on LOW shares. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. DA Davidson raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Evercore ISI upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Finally, Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Insider Transactions at Lowe’s Companies

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 value of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Down 1.9 %

LOW opened at $252.17 on Friday. The firm’s 50-day moving average price is $257.65 and its 200-day moving average price is $257.70. The company has a market cap of $142.39 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were issued a $1.15 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.82%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

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.