ARS Wealth Advisors Group LLC Sells 101 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

ARS Wealth Advisors Group LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,470 shares of the home improvement retailer’s stock after selling 101 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Lowe’s Companies were worth $809,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after purchasing an additional 259 shares in the last quarter. Financial Advocates Investment Management raised its stake in Lowe’s Companies by 5.8% in the fourth quarter. Financial Advocates Investment Management now owns 4,189 shares of the home improvement retailer’s stock valued at $1,034,000 after purchasing an additional 230 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in Lowe’s Companies by 8.0% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,147 shares of the home improvement retailer’s stock valued at $283,000 after purchasing an additional 85 shares in the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new position in Lowe’s Companies in the fourth quarter valued at about $304,000. Institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president now directly owns 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company dropped their price target on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Mizuho set a $280.00 price target on Lowe’s Companies and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Finally, DA Davidson dropped their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $225.35 on Friday. The business has a 50 day moving average of $223.72 and a 200-day moving average of $241.57. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The company has a market capitalization of $126.29 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.96 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter in the prior year, the firm posted $3.06 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a $1.20 dividend. 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 dividend payout ratio is presently 39.77%.

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.