Trifecta Capital Advisors LLC Sells 67 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Trifecta Capital Advisors LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,828 shares of the home improvement retailer’s stock after selling 67 shares during the period. Trifecta Capital Advisors LLC’s holdings in Lowe’s Companies were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. FMR LLC lifted its stake in shares of Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after acquiring an additional 1,223,116 shares during the last quarter. Applied Finance Capital Management LLC lifted its stake in shares of Lowe’s Companies by 387.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after acquiring an additional 645,017 shares during the last quarter. State Street Corp lifted its stake in shares of Lowe’s Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after acquiring an additional 460,851 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Lowe’s Companies by 219.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer’s stock worth $124,142,000 after acquiring an additional 314,861 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $236.66 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The stock’s fifty day moving average price is $252.84 and its 200 day moving average price is $258.90. The company has a market cap of $133.63 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LOW. TD Cowen raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Stifel Nicolaus raised their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Mizuho lifted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays lifted their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $282.96.

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.