ARS Wealth Advisors Group LLC Acquires 164 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

ARS Wealth Advisors Group LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,571 shares of the home improvement retailer’s stock after buying an additional 164 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Lowe’s Companies were worth $881,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC boosted its holdings in shares of Lowe’s Companies by 3.1% in the 2nd quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer’s stock worth $727,000 after purchasing an additional 99 shares during the period. Perennial Investment Advisors LLC boosted its stake in Lowe’s Companies by 3.0% during the second quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer’s stock worth $491,000 after buying an additional 64 shares during the period. Axxcess Wealth Management LLC increased its position in Lowe’s Companies by 27.2% during the second quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer’s stock valued at $3,627,000 after acquiring an additional 3,521 shares during the last quarter. Financial & Tax Architects LLC raised its stake in shares of Lowe’s Companies by 5.4% in the second quarter. Financial & Tax Architects LLC now owns 26,973 shares of the home improvement retailer’s stock valued at $5,946,000 after acquiring an additional 1,392 shares during the period. Finally, Meridian Wealth Partners LLC lifted its holdings in shares of Lowe’s Companies by 2.7% in the 2nd quarter. Meridian Wealth Partners LLC now owns 1,887 shares of the home improvement retailer’s stock worth $416,000 after acquiring an additional 49 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $256.73 on Thursday. The stock’s fifty day moving average price is $260.54 and its 200 day moving average price is $253.93. Lowe’s Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01. The company has a market cap of $144.96 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.79%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction 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 owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Mizuho boosted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Bank of America increased their target price on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, DA Davidson boosted their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies 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.