Lowe’s Companies, Inc. (NYSE:LOW) Stock Position Lowered by Elk River Wealth Management LLC

Elk River Wealth Management LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 27,993 shares of the home improvement retailer’s stock after selling 206 shares during the period. Lowe’s Companies accounts for about 1.3% of Elk River Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. Elk River Wealth Management LLC’s holdings in Lowe’s Companies were worth $6,909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $27,000. Winch Advisory Services LLC boosted its position in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. JNBA Financial Advisors grew its stake in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC increased its holdings in shares of Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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 on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Down 1.7 %

Shares of NYSE:LOW opened at $246.49 on Thursday. The company has a market cap of $139.18 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.00 and a beta of 1.11. The business has a 50 day moving average price of $254.11 and a 200 day moving average price of $258.65. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Analyst Upgrades and Downgrades

Several research firms recently commented on LOW. TD Cowen raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Royal Bank of Canada lifted their target price on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays boosted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Evercore ISI boosted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $282.96.

Lowe’s Companies Company 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.