Fiduciary Trust Co Lowers Position in Lowe’s Companies, Inc. (NYSE:LOW)

Fiduciary Trust Co lessened its stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,527 shares of the home improvement retailer’s stock after selling 737 shares during the quarter. Fiduciary Trust Co’s holdings in Lowe’s Companies were worth $15,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LOW. Wetzel Investment Advisors Inc. bought a new stake in Lowe’s Companies in the fourth quarter worth $25,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies in the third quarter worth $26,000. Tidemark LLC bought a new stake in Lowe’s Companies in the fourth quarter worth $27,000. VisionPoint Advisory Group LLC increased its position in Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Lowe’s Companies in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.5 %

Shares of LOW traded up $1.07 during mid-day trading on Thursday, hitting $215.34. 1,967,794 shares of the company traded hands, compared to its average volume of 2,448,662. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The company has a market capitalization of $123.22 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15. The business has a 50 day moving average of $234.47 and a 200 day moving average of $225.47.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the company posted $3.67 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, research analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.

Analysts Set New Price Targets

LOW has been the topic of several research reports. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target on the stock in a research report on Wednesday, February 14th. DA Davidson cut their price target on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Zelman & Associates restated a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Oppenheimer restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Monday, March 4th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Tuesday, May 21st. Fourteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $251.33.

Check Out Our Latest Stock Analysis on LOW

Lowe’s Companies Company Profile

(Free Report)

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, d├ęcor, and electrical.

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

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