ZWJ Investment Counsel Inc. Has $2.20 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

ZWJ Investment Counsel Inc. boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 9,871 shares of the home improvement retailer’s stock after purchasing an additional 95 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Lowe’s Companies were worth $2,197,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its holdings in shares of Lowe’s Companies by 33.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock valued at $695,000 after buying an additional 843 shares during the period. Harbour Trust & Investment Management Co acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $5,890,000. Meridian Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 100.4% in the third quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock valued at $6,492,000 after buying an additional 15,612 shares during the period. Biondo Investment Advisors LLC boosted its holdings in shares of Lowe’s Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after buying an additional 620 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 18.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after buying an additional 584 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.6 %

Shares of LOW traded up $1.47 during trading hours on Friday, hitting $230.26. The company had a trading volume of 2,112,198 shares, compared to its average volume of 2,546,613. The firm has a market cap of $131.75 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.69 and a beta of 1.13. The business has a fifty day moving average of $239.62 and a 200-day moving average of $218.63. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company’s revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 earnings per share. On average, equities analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is presently 33.43%.

Analyst Upgrades and Downgrades

LOW has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target for the company in a report on Wednesday, February 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, March 27th. DA Davidson reissued a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Finally, Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $252.52.

Lowe’s Companies 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.