Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,049 shares of the home improvement retailer’s stock after purchasing an additional 52 shares during the period. Mezzasalma Advisors LLC’s holdings in Lowe’s Companies were worth $259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. IFS Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% in the 4th 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. JNBA Financial Advisors grew its stake in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 70 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 1.9 %

LOW opened at $252.17 on Friday. The stock has a market capitalization of $142.39 billion, a PE ratio of 21.03, a PEG ratio of 2.18 and a beta of 1.11. The firm has a 50-day moving average price of $257.65 and a two-hundred day moving average price of $257.70. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.82%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Analysts Set New Price Targets

LOW has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Evercore ISI increased their price objective on 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Truist Financial reduced their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.