Consolidated Portfolio Review Corp Increases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Consolidated Portfolio Review Corp increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 38.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,700 shares of the home improvement retailer’s stock after purchasing an additional 468 shares during the period. Consolidated Portfolio Review Corp’s holdings in Lowe’s Companies were worth $396,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gen Wealth Partners Inc lifted its holdings in shares of Lowe’s Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock worth $534,000 after buying an additional 40 shares in the last quarter. FFT Wealth Management LLC lifted its stake in Lowe’s Companies by 3.1% in the 4th quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 42 shares in the last quarter. First Command Advisory Services Inc. boosted its holdings in Lowe’s Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 3,166 shares of the home improvement retailer’s stock valued at $781,000 after purchasing an additional 42 shares during the period. Peachtree Investment Partners LLC boosted its holdings in Lowe’s Companies by 3.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer’s stock valued at $317,000 after purchasing an additional 42 shares during the period. Finally, Second Line Capital LLC grew its position in shares of Lowe’s Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock valued at $1,183,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.7%

LOW opened at $220.12 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The business’s 50-day moving average price is $222.91 and its 200-day moving average price is $237.06. The company has a market cap of $123.36 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.07 and a beta of 0.92.

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

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio is currently 38.11%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president now owns 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. DA Davidson lowered their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, May 22nd. Royal Bank Of Canada lowered their price target on Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating on the stock in a report on Thursday, May 22nd. Piper Sandler cut their price objective on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday, March 24th. JPMorgan Chase & Co. decreased their price objective on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus dropped their target price 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.