Apollon Wealth Management LLC Sells 1,633 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Apollon Wealth Management LLC lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,045 shares of the home improvement retailer's stock after selling 1,633 shares during the quarter. Apollon Wealth Management LLC's holdings in Lowe's Companies were worth $7,940,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LOW. State of Alaska Department of Revenue lifted its stake in Lowe's Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock valued at $29,223,000 after purchasing an additional 1,470 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Lowe's Companies by 14.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer's stock valued at $26,236,000 after buying an additional 13,092 shares during the period. World Investment Advisors lifted its position in shares of Lowe's Companies by 11.0% during the 4th quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock valued at $6,498,000 after buying an additional 2,615 shares during the last quarter. Northern Trust Corp lifted its position in shares of Lowe's Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after buying an additional 993,833 shares during the last quarter. Finally, Trek Financial LLC purchased a new stake in Lowe's Companies in the 4th quarter worth about $882,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Piper Sandler dropped their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Truist Financial set a $264.00 price objective on shares of Lowe's Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their target price on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $253.00 price target (down from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Stock Down 0.7%

Shares of Lowe's Companies stock traded down $1.54 during trading on Monday, reaching $222.59. 2,766,978 shares of the stock were exchanged, compared to its average volume of 2,651,356. The firm has a market cap of $124.75 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.90. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The stock's fifty day moving average is $224.14 and its 200 day moving average is $234.03.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The business's revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. This is an increase 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 2.16%. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's payout ratio is presently 39.77%.

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.