Cullen Investment Group LTD. Decreases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Cullen Investment Group LTD. cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,503 shares of the home improvement retailer’s stock after selling 432 shares during the period. Lowe’s Companies accounts for 1.0% of Cullen Investment Group LTD.’s holdings, making the stock its 26th biggest holding. Cullen Investment Group LTD.’s holdings in Lowe’s Companies were worth $6,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies during the third quarter valued at about $27,000. JNBA Financial Advisors boosted its position in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. MFA Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares in the last quarter. Kimelman & Baird LLC bought a new stake in Lowe’s Companies in the 2nd quarter valued at $37,000. Finally, Kieckhefer Group LLC bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $46,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Up 0.3 %

Shares of NYSE:LOW opened at $248.64 on Tuesday. The stock’s 50-day moving average price is $260.90 and its 200-day moving average price is $253.71. The stock has a market capitalization of $140.39 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.85%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOW. Sanford C. Bernstein increased their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price target for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Bank of America upped their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Mizuho lifted their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

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.