Guardian Wealth Advisors LLC Cuts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Guardian Wealth Advisors LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,721 shares of the home improvement retailer’s stock after selling 80 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LOW. AMF Tjanstepension AB increased its holdings in shares of Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its position in shares of Lowe’s Companies by 4.3% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 3,536 shares of the home improvement retailer’s stock worth $958,000 after buying an additional 145 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at $83,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Lowe’s Companies by 16.7% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,952 shares of the home improvement retailer’s stock valued at $800,000 after buying an additional 423 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in Lowe’s Companies by 17.7% during the 3rd quarter. Wedmont Private Capital now owns 6,566 shares of the home improvement retailer’s stock worth $1,763,000 after acquiring an additional 988 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Trading Down 0.9 %

LOW stock opened at $256.08 on Friday. The company has a market cap of $144.59 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.18 and a beta of 1.11. The firm has a 50 day moving average of $257.99 and a 200-day moving average of $257.71. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.80%. Lowe’s Companies’s payout ratio is 38.37%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LOW. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Barclays raised their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Truist Financial decreased their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.