Lowe’s Companies, Inc. (NYSE:LOW) Position Lessened by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 142,737 shares of the home improvement retailer’s stock after selling 2,751 shares during the period. Cullen Frost Bankers Inc.’s holdings in Lowe’s Companies were worth $31,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in LOW. Private Management Group Inc. increased its position in Lowe’s Companies by 4.0% in the 4th quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after acquiring an additional 46 shares during the period. First Command Advisory Services Inc. increased its position in Lowe’s Companies by 1.9% in the 4th quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after acquiring an additional 48 shares during the period. Hamilton Capital LLC increased its position in shares of Lowe’s Companies by 2.1% during the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after purchasing an additional 49 shares during the period. Abundance Wealth Counselors increased its position in shares of Lowe’s Companies by 0.8% during the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after purchasing an additional 50 shares during the period. Finally, YHB Investment Advisors Inc. increased its position in shares of Lowe’s Companies by 0.6% during the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after purchasing an additional 50 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.1 %

NYSE LOW traded down $0.25 during trading on Tuesday, hitting $231.45. 1,912,237 shares of the company traded hands, compared to its average volume of 2,453,542. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The business has a fifty day simple moving average of $240.00 and a 200 day simple moving average of $221.68. The company has a market capitalization of $132.43 billion, a P/E ratio of 17.59, a PEG ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the company earned $2.28 earnings per share. The business’s revenue was down 17.1% compared to the same quarter last year. Equities research analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.90%. Lowe’s Companies’s payout ratio is presently 33.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LOW shares. Wedbush lifted their price target on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Gordon Haskett reissued a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Stifel Nicolaus reduced their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Citigroup reduced their price objective on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $252.67.

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.