Good Life Advisors LLC Decreases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Good Life Advisors LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,882 shares of the home improvement retailer’s stock after selling 1,567 shares during the period. Good Life Advisors LLC’s holdings in Lowe’s Companies were worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LOW. AMF Tjanstepension AB lifted its holdings in Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after purchasing an additional 20,123 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Lowe’s Companies by 75.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock valued at $14,352,000 after purchasing an additional 22,812 shares in the last quarter. Castleview Partners LLC lifted its holdings in Lowe’s Companies by 23.7% in the 3rd quarter. Castleview Partners LLC now owns 605 shares of the home improvement retailer’s stock valued at $164,000 after purchasing an additional 116 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Lowe’s Companies in the 3rd quarter valued at $62,000. Finally, Foundations Investment Advisors LLC lifted its holdings in Lowe’s Companies by 307.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 26,482 shares of the home improvement retailer’s stock valued at $7,173,000 after purchasing an additional 19,976 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

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

Lowe’s Companies Stock Performance

Shares of LOW opened at $250.73 on Wednesday. The stock has a 50-day moving average price of $254.54 and a 200 day moving average price of $258.73. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market capitalization of $141.58 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.00 and a beta of 1.11.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research reports. Evercore ISI raised their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Mizuho raised 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Barclays raised their target price on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus raised their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

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.