Alliance Wealth Advisors LLC Has $248,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Alliance Wealth Advisors LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,064 shares of the home improvement retailer’s stock after selling 100 shares during the period. Alliance Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC acquired a new stake in Lowe’s Companies during the 4th quarter valued at $25,000. Marshall Investment Management LLC bought a new position in Lowe’s Companies during the 4th quarter worth $31,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $33,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $36,000. Finally, IFS Advisors LLC lifted its holdings in shares of Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 60 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president now directly owns 31,898 shares of the company’s stock, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

LOW stock opened at $225.35 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The stock has a market capitalization of $126.29 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The company’s 50-day moving average is $223.72 and its 200-day moving average is $241.72.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Lowe’s Companies’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.06 earnings per share. On average, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 2.13%. Lowe’s Companies’s payout ratio is 39.77%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research reports. Mizuho set a $280.00 target price on Lowe’s Companies and gave the stock an “outperform” rating in a report on Thursday, May 22nd. DA Davidson dropped their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, May 22nd. Robert W. Baird dropped their target price on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Finally, KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $271.12.

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.