Park Place Capital Corp Cuts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Park Place Capital Corp decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,117 shares of the home improvement retailer’s stock after selling 85 shares during the period. Park Place Capital Corp’s holdings in Lowe’s Companies were worth $522,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LOW. StoneX Group Inc. bought a new stake in shares of Lowe’s Companies in the third quarter worth $2,713,000. Principal Financial Group Inc. raised its stake in shares of Lowe’s Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after purchasing an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Lowe’s Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock worth $4,696,000 after purchasing an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Lowe’s Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Lowe’s Companies by 308.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 28,315 shares of the home improvement retailer’s stock valued at $6,988,000 after buying an additional 21,375 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Performance

LOW opened at $258.03 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The business has a 50 day moving average price of $259.72 and a 200 day moving average price of $255.58. The firm has a market cap of $145.70 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.78%. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LOW shares. Wells Fargo & Company upped 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. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report 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’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

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.