M.E. Allison & CO. Inc. Takes $436,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

M.E. Allison & CO. Inc. acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,768 shares of the home improvement retailer’s stock, valued at approximately $436,000.

Several other institutional investors also recently bought and sold shares of LOW. Diversify Wealth Management LLC boosted its position in shares of Lowe’s Companies by 3.0% in the 4th quarter. Diversify Wealth Management LLC now owns 10,033 shares of the home improvement retailer’s stock worth $2,487,000 after buying an additional 295 shares in the last quarter. LVW Advisors LLC lifted its holdings in shares of Lowe’s Companies by 16.2% during the 4th quarter. LVW Advisors LLC now owns 4,145 shares of the home improvement retailer’s stock worth $1,023,000 after acquiring an additional 578 shares during the period. Smart Money Group LLC increased its position in Lowe’s Companies by 5.3% during the 4th quarter. Smart Money Group LLC now owns 2,886 shares of the home improvement retailer’s stock worth $712,000 after purchasing an additional 146 shares in the last quarter. Annex Advisory Services LLC increased its position in Lowe’s Companies by 48.7% during the 4th quarter. Annex Advisory Services LLC now owns 2,123 shares of the home improvement retailer’s stock worth $524,000 after purchasing an additional 695 shares in the last quarter. Finally, Client 1ST Advisory Group LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $350,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 1.0 %

Shares of LOW stock opened at $261.39 on Monday. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The firm has a market cap of $147.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The stock has a 50 day moving average of $260.10 and a 200-day moving average of $254.60.

Lowe’s Companies Dividend Announcement

The firm also recently declared 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 of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Insider Activity at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was 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 approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LOW has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Stifel Nicolaus lifted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Barclays upped their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.