San Luis Wealth Advisors LLC Has $659,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

San Luis Wealth Advisors LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,824 shares of the home improvement retailer’s stock after selling 68 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $659,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. FMR LLC increased its stake in Lowe’s Companies by 1.0% during the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock valued at $6,483,558,000 after acquiring an additional 259,766 shares during the period. Geode Capital Management LLC grew its stake in shares of Lowe’s Companies by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer’s stock valued at $2,952,341,000 after purchasing an additional 245,876 shares during the period. Norges Bank bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $1,842,954,000. Northern Trust Corp grew its stake in shares of Lowe’s Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after purchasing an additional 993,833 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Lowe’s Companies by 6.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer’s stock valued at $1,242,793,000 after purchasing an additional 323,371 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe’s Companies stock in a transaction dated 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 transaction, the executive vice president now owns 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Trading Down 0.6%

LOW stock opened at $215.98 on Tuesday. The stock has a 50-day moving average price of $223.88 and a two-hundred day moving average price of $239.26. The stock has a market cap of $121.04 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

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

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.22%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.77%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOW. Bank of America lowered their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price on the stock in a report on Friday, April 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 21st. Piper Sandler reduced their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Finally, BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

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.