Foresight Capital Management Advisors Inc. Purchases New Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Foresight Capital Management Advisors Inc. purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,237 shares of the home improvement retailer’s stock, valued at approximately $305,000.

Other hedge funds have also bought and sold shares of the company. Virtu Financial LLC boosted its holdings in Lowe’s Companies by 3.1% during the 2nd quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer’s stock worth $727,000 after acquiring an additional 99 shares during the last quarter. Perennial Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 3.0% during the 2nd quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer’s stock worth $491,000 after purchasing an additional 64 shares during the period. Axxcess Wealth Management LLC raised its stake in shares of Lowe’s Companies by 27.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer’s stock worth $3,627,000 after purchasing an additional 3,521 shares during the period. Financial & Tax Architects LLC raised its stake in shares of Lowe’s Companies by 5.4% during the 2nd quarter. Financial & Tax Architects LLC now owns 26,973 shares of the home improvement retailer’s stock worth $5,946,000 after purchasing an additional 1,392 shares during the period. Finally, Meridian Wealth Partners LLC raised its stake in shares of Lowe’s Companies by 2.7% during the 2nd quarter. Meridian Wealth Partners LLC now owns 1,887 shares of the home improvement retailer’s stock worth $416,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 2.2 %

Shares of Lowe’s Companies stock opened at $256.73 on Thursday. The company has a market cap of $144.96 billion, a PE ratio of 21.41, a P/E/G ratio of 2.08 and a beta of 1.11. The business has a 50 day moving average of $260.54 and a 200 day moving average of $253.93. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Mizuho lifted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Bank of America boosted their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Melius Research started coverage on Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective on the stock. Wells Fargo & Company lifted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Sanford C. Bernstein lifted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $280.85.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on 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 approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate 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.