Verus Financial Partners Inc. Has $1.09 Million Position in Lowe’s Companies, Inc. (LOW)

Verus Financial Partners Inc. reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,104 shares of the home improvement retailer’s stock after selling 42 shares during the quarter. Lowe’s Companies makes up 0.4% of Verus Financial Partners Inc.’s holdings, making the stock its 13th largest position. Verus Financial Partners Inc.’s holdings in Lowe’s Companies were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SRS Capital Advisors Inc. lifted its stake in shares of Lowe’s Companies by 0.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after purchasing an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America lifted its stake in shares of Lowe’s Companies by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after purchasing an additional 13 shares during the last quarter. Winfield Associates Inc. lifted its stake in shares of Lowe’s Companies by 0.6% during the 1st quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after purchasing an additional 15 shares during the last quarter. Modera Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 0.3% during the 1st quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after purchasing an additional 15 shares during the last quarter. Finally, First Personal Financial Services lifted its stake in shares of Lowe’s Companies by 0.3% during the 1st quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Shares of Lowe’s Companies, Inc. (LOW) opened at 78.04 on Friday. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a market capitalization of $64.99 billion, a price-to-earnings ratio of 22.16 and a beta of 1.07. The company’s 50-day moving average price is $76.25 and its 200 day moving average price is $79.59.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Thursday. Bank of America Corporation assumed coverage on Lowe’s Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price target for the company. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $83.00 price target (down from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 price target (down from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $80.00 price target (down from $83.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.00.

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About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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