Colonial Trust Advisors Has $320,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Colonial Trust Advisors decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 7.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,584 shares of the home improvement retailer’s stock after selling 124 shares during the quarter. Colonial Trust Advisors’ holdings in Lowe’s Companies were worth $320,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $27,000. Macroview Investment Management LLC raised its position in shares of Lowe’s Companies by 49.1% during the 1st quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 52 shares during the last quarter. O Dell Group LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $34,000. Compagnie Lombard Odier SCmA raised its position in shares of Lowe’s Companies by 100.0% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 180 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Finally, DeDora Capital Inc. bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $39,000. Institutional investors and hedge funds own 75.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Piper Sandler upped their target price on shares of Lowe’s Companies to $246.00 and gave the company an “underweight” rating in a research report on Thursday, May 19th. Truist Financial lowered their price objective on shares of Lowe’s Companies from $283.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. JPMorgan Chase & Co. upped their price objective on shares of Lowe’s Companies from $228.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. OTR Global cut shares of Lowe’s Companies to a “positive” rating in a research report on Tuesday, May 10th. Finally, Evercore ISI lowered their price objective on shares of Lowe’s Companies to $245.00 in a research report on Thursday, June 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $238.58.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $201.84 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $170.12 and a 52-week high of $263.31. The company has a market capitalization of $129.00 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The company has a 50-day simple moving average of $185.75 and a 200 day simple moving average of $203.36.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.27. The business had revenue of $23.66 billion during the quarter, compared to the consensus estimate of $23.72 billion. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. Lowe’s Companies’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $3.21 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 13.45 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 20th were given a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, July 19th. This represents a $4.20 dividend on an annualized basis and a yield of 2.08%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.80. Lowe’s Companies’s dividend payout ratio (DPR) is currently 34.23%.

Lowe’s Companies Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, d├ęcor, lighting, and electrical.

Further Reading

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

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