FCA Corp TX Has $3,253,000 Position in Lowe’s Companies, Inc. (LOW)

FCA Corp TX maintained its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,952 shares of the home improvement retailer’s stock at the close of the 2nd quarter. Lowe’s Companies comprises approximately 1.4% of FCA Corp TX’s investment portfolio, making the stock its 27th largest holding. FCA Corp TX’s holdings in Lowe’s Companies were worth $3,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Lowe’s Companies by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. BlackRock Inc. boosted its position in shares of Lowe’s Companies by 1,757.3% in the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after purchasing an additional 58,073,138 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 8.2% in the 1st quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after purchasing an additional 671,581 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Lowe’s Companies by 11.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock worth $678,200,000 after purchasing an additional 852,426 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its position in shares of Lowe’s Companies by 204.0% in the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after purchasing an additional 5,380,759 shares in the last quarter. 74.22% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have recently weighed in on the company. Deutsche Bank AG reissued a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Gordon Haskett assumed coverage on Lowe’s Companies in a research report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price objective for the company. Piper Jaffray Companies reissued a “hold” rating and issued a $80.00 price objective on shares of Lowe’s Companies in a research report on Friday, September 29th. Jefferies Group LLC reissued a “hold” rating and issued a $75.00 price objective on shares of Lowe’s Companies in a research report on Thursday, September 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $81.00 price objective on shares of Lowe’s Companies in a research report on Monday, September 25th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $85.32.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.01%. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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