Angeles Wealth Management LLC Buys 235 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Angeles Wealth Management LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,528 shares of the home improvement retailer’s stock after buying an additional 235 shares during the period. Angeles Wealth Management LLC’s holdings in Lowe’s Companies were worth $871,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOW. OMC Financial Services LTD boosted its holdings in Lowe’s Companies by 1.6% in the fourth quarter. OMC Financial Services LTD now owns 17,956 shares of the home improvement retailer’s stock valued at $4,432,000 after acquiring an additional 289 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Lowe’s Companies during the 4th quarter valued at about $114,000. Kestra Private Wealth Services LLC boosted its stake in shares of Lowe’s Companies by 9.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 33,049 shares of the home improvement retailer’s stock valued at $8,156,000 after purchasing an additional 2,824 shares during the last quarter. Stockman Wealth Management Inc. grew its position in shares of Lowe’s Companies by 0.9% during the 4th quarter. Stockman Wealth Management Inc. now owns 30,746 shares of the home improvement retailer’s stock worth $7,588,000 after buying an additional 287 shares during the period. Finally, Visionary Horizons LLC grew its position in shares of Lowe’s Companies by 8.8% during the 4th quarter. Visionary Horizons LLC now owns 2,436 shares of the home improvement retailer’s stock worth $601,000 after buying an additional 196 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

NYSE LOW opened at $252.17 on Monday. The stock has a market capitalization of $142.39 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.04 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. The stock’s 50 day moving average price is $257.24 and its two-hundred day moving average price is $257.92.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Analysts Set New Price Targets

Several brokerages recently weighed in on LOW. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Guggenheim restated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Mizuho upped their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada raised their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Sanford C. Bernstein upped their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insider Activity at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by insiders.

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.