One Wealth Capital Management LLC Acquires New Position in Lowe’s Companies, Inc. (NYSE:LOW)

One Wealth Capital Management LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,377 shares of the home improvement retailer’s stock, valued at approximately $340,000.

Several other institutional investors also recently bought and sold shares of the business. Strategic Financial Concepts LLC grew its holdings in Lowe’s Companies by 20,275.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer’s stock valued at $2,657,000 after buying an additional 1,199,100 shares during the period. Acadian Asset Management LLC raised its stake in Lowe’s Companies by 352.6% during the second quarter. Acadian Asset Management LLC now owns 14,438 shares of the home improvement retailer’s stock worth $3,180,000 after purchasing an additional 11,248 shares during the period. Caprock Group LLC boosted its holdings in shares of Lowe’s Companies by 126.7% in the 2nd quarter. Caprock Group LLC now owns 15,044 shares of the home improvement retailer’s stock valued at $3,317,000 after purchasing an additional 8,408 shares during the last quarter. Ellis Investment Partners LLC grew its stake in shares of Lowe’s Companies by 17.6% during the 2nd quarter. Ellis Investment Partners LLC now owns 1,108 shares of the home improvement retailer’s stock valued at $244,000 after buying an additional 166 shares during the period. Finally, Quest Partners LLC increased its holdings in shares of Lowe’s Companies by 130,740.0% during the 2nd quarter. Quest Partners LLC now owns 6,542 shares of the home improvement retailer’s stock worth $1,442,000 after buying an additional 6,537 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $3.30 during trading on Tuesday, reaching $246.44. The company had a trading volume of 1,123,465 shares, compared to its average volume of 2,041,245. Lowe’s Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01. The firm’s fifty day moving average is $262.43 and its 200-day moving average is $252.84. The company has a market cap of $139.15 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Mizuho increased their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Piper Sandler lifted their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Truist Financial decreased their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Barclays raised their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also 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, décor, and electrical.