Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,514 shares of the home improvement retailer’s stock after buying an additional 102 shares during the period. Level Four Advisory Services LLC’s holdings in Lowe’s Companies were worth $7,778,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LOW. IFS Advisors LLC purchased a new position in Lowe’s Companies during the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC boosted its holdings in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC purchased a new position in Lowe’s Companies in the fourth quarter worth $31,000. Finally, Caisse Des Depots ET Consignations purchased a new position in Lowe’s Companies in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $232.35 on Friday. The firm has a market capitalization of $130.05 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock’s 50 day moving average price is $246.24 and its 200 day moving average price is $257.35.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Mizuho dropped their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Royal Bank of Canada lowered their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Stifel Nicolaus lifted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Truist Financial reduced their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $279.71.

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.