Ameriprise Financial Inc. Sells 152,136 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Ameriprise Financial Inc. reduced its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,474,080 shares of the home improvement retailer's stock after selling 152,136 shares during the period. Ameriprise Financial Inc. owned approximately 0.44% of Lowe's Companies worth $604,610,000 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. Principal Financial Group Inc. raised its position in Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after purchasing an additional 24,812 shares during the last quarter. Pensionfund Sabic raised its holdings in shares of Lowe's Companies by 45.5% in the fourth quarter. Pensionfund Sabic now owns 9,600 shares of the home improvement retailer's stock valued at $2,369,000 after buying an additional 3,000 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in Lowe's Companies by 2.3% during the 4th quarter. CWA Asset Management Group LLC now owns 13,228 shares of the home improvement retailer's stock worth $3,265,000 after acquiring an additional 301 shares during the last quarter. Capital Market Strategies LLC increased its position in Lowe's Companies by 5.9% in the 4th quarter. Capital Market Strategies LLC now owns 2,785 shares of the home improvement retailer's stock valued at $687,000 after acquiring an additional 156 shares in the last quarter. Finally, Advance Capital Management Inc. acquired a new stake in Lowe's Companies in the 4th quarter valued at about $215,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

Lowe's Companies stock traded up $1.03 during midday trading on Thursday, reaching $224.54. The stock had a trading volume of 2,405,673 shares, compared to its average volume of 2,493,101. The stock has a market capitalization of $125.68 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The firm's fifty day simple moving average is $226.03 and its 200-day simple moving average is $247.89. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. KeyCorp raised shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a research note on Friday, April 25th. Piper Sandler lowered their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $278.04.

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.