Bison Wealth LLC Reduces Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Bison Wealth LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 60.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,960 shares of the home improvement retailer’s stock after selling 5,973 shares during the period. Bison Wealth LLC’s holdings in Lowe’s Companies were worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. IFS Advisors LLC purchased a new stake in Lowe’s Companies during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC lifted its position in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth about $31,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $44,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. Mizuho decreased their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Piper Sandler dropped their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Truist Financial decreased their target price on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target on the stock in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $278.21.

Lowe’s Companies Trading Up 1.0 %

Shares of LOW stock opened at $223.36 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The company has a market capitalization of $125.02 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.96 and a beta of 1.07. The firm has a 50-day moving average price of $228.32 and a 200 day moving average price of $250.06.

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

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

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.