Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 85.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,799 shares of the home improvement retailer’s stock after purchasing an additional 7,743 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Lowe’s Companies by 0.4% in the second quarter. Vanguard Group Inc. now owns 66,234,867 shares of the home improvement retailer’s stock worth $6,683,762,000 after acquiring an additional 240,910 shares during the period. Nuveen Asset Management LLC raised its position in shares of Lowe’s Companies by 6,680.1% in the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after acquiring an additional 6,219,346 shares during the period. Morgan Stanley raised its position in shares of Lowe’s Companies by 1.0% in the second quarter. Morgan Stanley now owns 4,970,572 shares of the home improvement retailer’s stock worth $501,580,000 after acquiring an additional 50,649 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Lowe’s Companies by 14.9% in the first quarter. Artisan Partners Limited Partnership now owns 3,735,627 shares of the home improvement retailer’s stock worth $408,939,000 after acquiring an additional 483,822 shares during the period. Finally, Charles Schwab Investment Advisory Inc. raised its position in shares of Lowe’s Companies by 0.9% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 2,774,755 shares of the home improvement retailer’s stock worth $280,001,000 after acquiring an additional 24,952 shares during the period. Institutional investors own 76.23% of the company’s stock.

In related news, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the completion of the sale, the executive vice president now owns 17,440 shares of the company’s stock, valued at approximately $1,964,092.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the sale, the chief accounting officer now directly owns 28,017 shares of the company’s stock, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on LOW shares. KeyCorp reiterated an “overweight” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Lowe’s Companies in a research report on Thursday, August 22nd. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Goldman Sachs Group started coverage on shares of Lowe’s Companies in a research report on Thursday, July 11th. They issued a “buy” rating and a $119.00 price objective for the company. Wolfe Research downgraded shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Royal Bank of Canada boosted their target price on shares of Lowe’s Companies from $123.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $119.48.

Shares of LOW stock traded up $2.62 on Friday, reaching $110.81. 3,650,844 shares of the company were exchanged, compared to its average volume of 3,862,659. Lowe’s Companies, Inc. has a 1 year low of $84.75 and a 1 year high of $118.23. The company has a market cap of $82.20 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.35 and a beta of 1.30. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.19 and a current ratio of 1.06. The business has a 50-day moving average price of $110.47 and a 200 day moving average price of $105.75.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The company had revenue of $20.99 billion during the quarter, compared to analysts’ expectations of $20.96 billion. During the same quarter in the prior year, the company earned $2.07 EPS. Lowe’s Companies’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a yield of 1.99%. Lowe’s Companies’s dividend payout ratio is presently 42.80%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

Read More: What is a Candlestick Chart?

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply