Lyell Wealth Management LP Has $1.22 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Lyell Wealth Management LP lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 21.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,243 shares of the home improvement retailer’s stock after acquiring an additional 917 shares during the quarter. Lyell Wealth Management LP’s holdings in Lowe’s Companies were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Wood Tarver Financial Group LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in Lowe’s Companies during the first quarter valued at about $32,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in Lowe’s Companies during the first quarter valued at about $36,000. Finally, IFS Advisors LLC boosted its holdings in Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 60 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president directly owned 31,898 shares of the company’s stock, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Trading Down 1.1%

NYSE LOW opened at $227.49 on Thursday. The firm has a market cap of $127.49 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.17 and a beta of 0.90. The company has a 50 day moving average of $222.93 and a 200-day moving average of $232.09. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 earnings per share. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio is 39.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LOW. Stifel Nicolaus cut their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. Mizuho reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Lowe’s Companies in a research report on Friday, June 13th. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. DA Davidson cut their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $271.12.

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.