Opinicus Capital Inc. Has $1.20 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Opinicus Capital Inc. lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,851 shares of the home improvement retailer’s stock after selling 172 shares during the quarter. Lowe’s Companies accounts for about 1.0% of Opinicus Capital Inc.’s holdings, making the stock its 28th largest position. Opinicus Capital Inc.’s holdings in Lowe’s Companies were worth $1,197,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB raised its position in Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in shares of Lowe’s Companies by 14.7% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,514 shares of the home improvement retailer’s stock valued at $681,000 after purchasing an additional 323 shares during the period. Tobam grew its stake in shares of Lowe’s Companies by 36.7% in the 3rd quarter. Tobam now owns 730 shares of the home improvement retailer’s stock valued at $198,000 after purchasing an additional 196 shares during the period. Pinnacle Bancorp Inc. raised its holdings in shares of Lowe’s Companies by 5.7% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,720 shares of the home improvement retailer’s stock worth $1,008,000 after buying an additional 200 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at $232,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent analyst reports. Sanford C. Bernstein increased their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Insiders Place Their Bets

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

Lowe’s Companies Stock Performance

Shares of LOW opened at $252.17 on Friday. The firm has a market cap of $142.39 billion, a P/E ratio of 21.03, a PEG ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm’s 50 day moving average price is $257.65 and its two-hundred day moving average price is $257.70.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is presently 38.37%.

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.