TRUE Private Wealth Advisors Sells 107 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

TRUE Private Wealth Advisors lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,945 shares of the home improvement retailer’s stock after selling 107 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Lowe’s Companies were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LOW. RE Advisers Corp bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at $29,000. Burleson & Company LLC acquired a new position in Lowe’s Companies in the 1st quarter valued at $33,000. USA Financial Portformulas Corp grew its stake in Lowe’s Companies by 1,505.6% in the 2nd quarter. USA Financial Portformulas Corp now owns 289 shares of the home improvement retailer’s stock valued at $56,000 after buying an additional 271 shares during the last quarter. Twin Lakes Capital Management LLC acquired a new position in Lowe’s Companies in the 1st quarter valued at $57,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in Lowe’s Companies in the 1st quarter valued at $61,000. Institutional investors and hedge funds own 72.80% of the company’s stock.

Shares of Lowe’s Companies stock traded down $1.38 on Wednesday, hitting $202.79. The company had a trading volume of 10,009 shares, compared to its average volume of 3,904,635. The firm has a market capitalization of $140.42 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.26 and a beta of 1.34. Lowe’s Companies, Inc. has a twelve month low of $146.72 and a twelve month high of $215.22. The company has a debt-to-equity ratio of 49.23, a current ratio of 1.16 and a quick ratio of 0.36. The stock has a 50-day moving average of $197.79 and a 200-day moving average of $192.88.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 17th. The home improvement retailer reported $4.25 EPS for the quarter, topping the Zacks’ consensus estimate of $4.01 by $0.24. Lowe’s Companies had a net margin of 7.41% and a return on equity of 541.39%. The business had revenue of $27.57 billion for the quarter, compared to analyst estimates of $26.76 billion. During the same quarter in the previous year, the firm posted $3.75 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts predict that Lowe’s Companies, Inc. will post 11.26 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 3rd. Shareholders of record on Wednesday, October 20th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, October 19th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 36.12%.

A number of research analysts recently issued reports on the stock. TheStreet lowered shares of Lowe’s Companies from a “b” rating to a “c+” rating in a research note on Wednesday, August 18th. Bank of America reiterated a “buy” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 19th. Truist Securities raised their price target on shares of Lowe’s Companies from $185.00 to $217.00 and gave the stock a “buy” rating in a research report on Thursday, May 20th. OTR Global lowered shares of Lowe’s Companies to a “positive” rating in a research report on Tuesday, August 10th. Finally, Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and set a $235.00 price target on the stock in a research report on Wednesday, May 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $216.26.

About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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