Livingston Group Asset Management CO operating as Southport Capital Management Sells 100 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Livingston Group Asset Management CO operating as Southport Capital Management decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,377 shares of the home improvement retailer’s stock after selling 100 shares during the quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Lowe’s Companies were worth $481,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Atwater Malick LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $26,000. Next Capital Management LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at approximately $27,000. Knuff & Co LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at approximately $29,000. Pearl River Capital LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at approximately $29,000. Finally, Ossiam bought a new stake in Lowe’s Companies during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 76.32% of the company’s stock.

Shares of LOW stock traded up $0.04 during mid-day trading on Monday, reaching $111.62. The stock had a trading volume of 195,862 shares, compared to its average volume of 3,514,816. The firm’s 50 day simple moving average is $111.22 and its 200 day simple moving average is $105.94. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The firm has a market cap of $85.57 billion, a PE ratio of 21.71, a P/E/G ratio of 1.40 and a beta of 1.30.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.15. The business had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. Lowe’s Companies’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a dividend yield of 1.97%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

Several analysts recently weighed in on LOW shares. ValuEngine downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Telsey Advisory Group raised their price objective on Lowe’s Companies from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Loop Capital raised their price objective on Lowe’s Companies to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Citigroup raised their price objective on Lowe’s Companies from $122.00 to $137.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Wolfe Research downgraded Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 price objective for the company. in a research report on Tuesday, October 8th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Lowe’s Companies presently has an average rating of “Buy” and an average target price of $121.17.

In related news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the completion of the transaction, the executive vice president now owns 17,440 shares in the company, valued at approximately $1,964,092.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew V. Hollifield sold 12,136 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total value of $1,363,358.24. Following the transaction, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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