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

ProShare Advisors LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 774,239 shares of the home improvement retailer’s stock after selling 61,841 shares during the quarter. ProShare Advisors LLC owned approximately 0.14% of Lowe’s Companies worth $191,082,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadcap Wealth Management LLC raised its position in shares of Lowe’s Companies by 26.2% during the 4th quarter. Quadcap Wealth Management LLC now owns 9,340 shares of the home improvement retailer’s stock worth $2,305,000 after purchasing an additional 1,938 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Lowe’s Companies by 54.4% in the 4th quarter. Quantinno Capital Management LP now owns 75,209 shares of the home improvement retailer’s stock valued at $18,562,000 after purchasing an additional 26,502 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in Lowe’s Companies during the fourth quarter worth about $2,067,000. Man Group plc raised its stake in Lowe’s Companies by 21.4% during the fourth quarter. Man Group plc now owns 125,991 shares of the home improvement retailer’s stock worth $31,095,000 after acquiring an additional 22,171 shares during the period. Finally, NorthRock Partners LLC grew its position in Lowe’s Companies by 102.3% in the 4th quarter. NorthRock Partners LLC now owns 10,308 shares of the home improvement retailer’s stock worth $2,544,000 after purchasing an additional 5,212 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.2%

NYSE LOW opened at $228.11 on Thursday. The firm’s fifty day moving average price is $224.50 and its two-hundred day moving average price is $246.38. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The firm has a market capitalization of $127.67 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.02%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. DA Davidson restated a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 16th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Piper Sandler reduced their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Morgan Stanley lowered their price target on shares of Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Finally, Royal Bank of Canada decreased their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $277.00.

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.