Capital Investment Counsel Inc Sells 1,951 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Capital Investment Counsel Inc decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,314 shares of the home improvement retailer’s stock after selling 1,951 shares during the period. Lowe’s Companies accounts for 2.0% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 8th largest holding. Capital Investment Counsel Inc’s holdings in Lowe’s Companies were worth $13,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of LOW. AMF Tjanstepension AB grew its holdings in shares of Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Lowe’s Companies by 75.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock valued at $14,352,000 after purchasing an additional 22,812 shares during the last quarter. Elevated Capital Advisors LLC boosted its position in shares of Lowe’s Companies by 3.7% in the 3rd quarter. Elevated Capital Advisors LLC now owns 2,573 shares of the home improvement retailer’s stock valued at $697,000 after purchasing an additional 91 shares during the period. MFA Wealth Advisors LLC grew its stake in 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 buying an additional 70 shares during the last quarter. Finally, McAdam LLC increased its position in Lowe’s Companies by 3.6% during the third quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock worth $395,000 after buying an additional 51 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company’s stock, 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 through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $246.63 on Friday. The business’s 50 day simple moving average is $253.77 and its 200-day simple moving average is $258.57. The firm has a market capitalization of $139.26 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Barclays lifted their price objective 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. TD Cowen upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

About Lowe’s Companies

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.