Cantor Fitzgerald Investment Advisors L.P. Has $202,000 Position in Lowe's Companies, Inc. (NYSE:LOW)

Cantor Fitzgerald Investment Advisors L.P. reduced its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 71.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 867 shares of the home improvement retailer's stock after selling 2,200 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Lowe's Companies were worth $202,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Wood Tarver Financial Group LLC bought a new position in shares of Lowe's Companies during the 4th quarter worth about $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe's Companies during the 4th quarter worth about $31,000. Caisse Des Depots ET Consignations bought a new position in shares of Lowe's Companies during the 4th quarter worth about $33,000. Orion Capital Management LLC bought a new position in shares of Lowe's Companies during the 4th quarter worth about $36,000. Finally, IFS Advisors LLC boosted its position in shares of Lowe's Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Up 0.7%

Lowe's Companies stock opened at $212.40 on Friday. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The company's 50 day moving average price is $223.03 and its two-hundred day moving average price is $238.02. The stock has a market cap of $119.04 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.99 and a beta of 0.92.

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

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.26%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is presently 39.77%.

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 that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president now owns 31,898 shares in the company, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. Royal Bank Of Canada cut their price objective on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 22nd. Robert W. Baird cut their price objective on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Bank of America cut their price objective on shares of 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. Stifel Nicolaus cut their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Finally, 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 report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies Company 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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