Consulta Ltd Cuts Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Consulta Ltd cut its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 275,000 shares of the home improvement retailer's stock after selling 50,000 shares during the quarter. Lowe's Companies comprises approximately 4.4% of Consulta Ltd's holdings, making the stock its 10th largest holding. Consulta Ltd's holdings in Lowe's Companies were worth $67,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. IFS Advisors LLC purchased a new position in Lowe's Companies during the 4th quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe's Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC boosted its stake in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the period. Caisse Des Depots ET Consignations bought a new position in shares of Lowe's Companies in the fourth quarter worth about $33,000. Finally, Millstone Evans Group LLC purchased a new position in Lowe's Companies in the 4th quarter worth about $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on LOW. JPMorgan Chase & Co. lowered 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Tuesday, April 15th. Piper Sandler reduced their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. DA Davidson reiterated a "neutral" rating and issued a $270.00 target price on shares of Lowe's Companies in a report on Wednesday, April 16th. Finally, Bank of America dropped their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $277.92.

Lowe's Companies Trading Down 1.0 %

NYSE LOW opened at $222.98 on Wednesday. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a fifty day simple moving average of $226.53 and a two-hundred day simple moving average of $248.06. The stock has a market cap of $124.80 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is presently 37.67%.

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.

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