Lowe’s Companies, Inc. (LOW) Shares Sold by Alpha Windward LLC

Alpha Windward LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,667 shares of the home improvement retailer’s stock after selling 2 shares during the period. Alpha Windward LLC’s holdings in Lowe’s Companies were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LOW. BlackRock Inc. increased its stake in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares during the last quarter. Norges Bank purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $556,574,000. OppenheimerFunds Inc. increased its stake in shares of Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after buying an additional 5,380,759 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares during the last quarter. Finally, I.G. Investment Management LTD. increased its stake in shares of Lowe’s Companies by 406.9% in the fourth quarter. I.G. Investment Management LTD. now owns 1,844,500 shares of the home improvement retailer’s stock valued at $131,181,000 after buying an additional 1,480,612 shares during the last quarter. 74.73% of the stock is owned by institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 75.98 on Thursday. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The firm has a market capitalization of $64.14 billion, a P/E ratio of 23.83 and a beta of 1.08. The firm’s 50-day moving average is $77.31 and its 200-day moving average is $79.01. Lowe’s Companies also was the recipient of some unusual options trading on Monday. Stock investors acquired 6,466 put options on the stock. This represents an increase of 538% compared to the average daily volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.03. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. Lowe’s Companies’s revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, July 24th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a dividend yield of 2.16%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 51.57%.

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Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research note on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 target price on shares of Lowe’s Companies in a research note on Friday, July 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research note on Thursday, July 20th. Finally, BidaskClub cut shares of Lowe’s Companies from a “sell” rating to a “strong sell” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $85.39.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the transaction, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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