Lowe’s Companies, Inc. (NYSE:LOW) Holdings Raised by Heritage Family Offices LLP

Heritage Family Offices LLP lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% during the fourth quarter, HoldingsChannel reports. The fund owned 8,359 shares of the home improvement retailer’s stock after purchasing an additional 409 shares during the quarter. Lowe’s Companies comprises approximately 1.0% of Heritage Family Offices LLP’s holdings, making the stock its 22nd biggest position. Heritage Family Offices LLP’s holdings in Lowe’s Companies were worth $2,063,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Virtu Financial LLC increased its position in 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 last quarter. Perennial Investment Advisors LLC grew its stake in shares of Lowe’s Companies by 3.0% in the 2nd quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer’s stock valued at $491,000 after buying an additional 64 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in Lowe’s Companies by 27.2% in the second quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer’s stock worth $3,627,000 after buying an additional 3,521 shares during the last quarter. Financial & Tax Architects LLC raised its position in Lowe’s Companies by 5.4% during 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 in the last quarter. Finally, Meridian Wealth Partners LLC grew its position in Lowe’s Companies by 2.7% in the second 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 in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $256.73 on Thursday. The company has a market capitalization of $144.96 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. Lowe’s Companies, Inc. has a one year low of $209.55 and a one year high of $287.01. The business has a 50 day simple moving average of $260.54 and a 200 day simple moving average of $253.93.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date of this dividend 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 is presently 38.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Piper Sandler boosted their price target on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Bank of America boosted their target price on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Eleven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

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.