Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Avalon Trust Co

Avalon Trust Co decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 132,081 shares of the home improvement retailer’s stock after selling 2,610 shares during the period. Lowe’s Companies accounts for about 2.7% of Avalon Trust Co’s holdings, making the stock its 8th largest position. Avalon Trust Co’s holdings in Lowe’s Companies were worth $29,395,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Wetzel Investment Advisors Inc. bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies in the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth $47,000. 74.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LOW. Morgan Stanley raised their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Oppenheimer restated a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research note on Monday, March 4th. Truist Financial lifted their price objective on Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Wells Fargo & Company upped their target price on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Price Performance

LOW traded up $2.55 during trading on Friday, reaching $232.13. The company had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. The business’s fifty day moving average price is $240.07 and its 200 day moving average price is $220.75. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The company has a market cap of $132.82 billion, a P/E ratio of 17.64, a PEG ratio of 1.70 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm’s revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 EPS. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.90%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

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.