BlueChip Wealth Advisors LLC Increases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

BlueChip Wealth Advisors LLC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 30.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 985 shares of the home improvement retailer’s stock after purchasing an additional 228 shares during the quarter. BlueChip Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allianz SE bought a new position in Lowe’s Companies during the fourth quarter valued at $9,153,000. Cambridge Financial Group Inc. bought a new position in Lowe’s Companies during the 4th quarter valued at about $7,780,000. Intrust Bank NA raised its holdings in shares of Lowe’s Companies by 1.5% in the fourth quarter. Intrust Bank NA now owns 8,996 shares of the home improvement retailer’s stock worth $2,220,000 after buying an additional 130 shares during the period. Allstate Corp bought a new stake in shares of Lowe’s Companies during the fourth quarter worth $4,147,000. Finally, DnB Asset Management AS increased its stake in Lowe’s Companies by 4.2% in the 4th quarter. DnB Asset Management AS now owns 102,983 shares of the home improvement retailer’s stock worth $25,416,000 after buying an additional 4,195 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $228.20 on Friday. The business’s 50-day simple moving average is $245.57 and its two-hundred day simple moving average is $257.24. The company has a market cap of $127.73 billion, a PE ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. As a group, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.02%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore ISI upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Royal Bank of Canada dropped their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Mizuho decreased their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Bank of America dropped their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $279.71.

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.