Wunderlich Capital Managemnt Reduces Position in Lowe’s Companies, Inc. (LOW)

Wunderlich Capital Managemnt decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,754 shares of the home improvement retailer’s stock after selling 210 shares during the quarter. Wunderlich Capital Managemnt’s holdings in Lowe’s Companies were worth $1,532,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LOW. BlackRock Inc. raised its stake in Lowe’s Companies by 1,757.3% during 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 purchasing an additional 58,073,138 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Lowe’s Companies by 204.0% during the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after purchasing an additional 5,380,759 shares in the last quarter. FMR LLC raised its stake in Lowe’s Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC raised its stake in Lowe’s Companies by 1,457.8% during the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after purchasing an additional 3,544,665 shares in the last quarter. Finally, Vanguard Group Inc. raised 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 acquiring an additional 2,650,045 shares during the period. Hedge funds and other institutional investors own 74.00% of the company’s stock.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the sale, the insider now owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

LOW has been the topic of several recent analyst reports. Deutsche Bank AG reissued a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Longbow Research reissued a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $94.00 target price on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Lowe’s Companies has an average rating of “Hold” and an average target price of $87.24.

Lowe’s Companies, Inc. (NYSE LOW) opened at $79.24 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.19 and a debt-to-equity ratio of 2.71. Lowe’s Companies, Inc. has a 1-year low of $69.92 and a 1-year high of $86.25. The stock has a market cap of $65,848.44, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the business earned $0.88 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts anticipate that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio is currently 39.33%.

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Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a 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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