Diversify Advisory Services LLC Sells 2,783 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Diversify Advisory Services LLC trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,908 shares of the home improvement retailer's stock after selling 2,783 shares during the period. Diversify Advisory Services LLC's holdings in Lowe's Companies were worth $873,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new position in Lowe's Companies in the 4th quarter valued at $25,000. Caisse Des Depots ET Consignations bought a new position in Lowe's Companies in the 4th quarter valued at $33,000. Fairway Wealth LLC bought a new position in Lowe's Companies in the 1st quarter valued at $32,000. Orion Capital Management LLC bought a new position in Lowe's Companies in the 4th quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new position in Lowe's Companies in the 1st quarter valued at $36,000. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe's Companies

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

Lowe's Companies Price Performance

Lowe's Companies stock traded up $0.56 during trading hours on Friday, reaching $219.14. The stock had a trading volume of 2,399,060 shares, compared to its average volume of 2,495,500. The stock has a market cap of $122.81 billion, a PE ratio of 18.16, a PEG ratio of 2.07 and a beta of 0.90. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The company has a fifty day simple moving average of $223.61 and a 200-day simple moving average of $233.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.06 EPS. Research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently announced 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. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.19%. Lowe's Companies's payout ratio is presently 38.11%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOW. Mizuho restated an "outperform" rating and set a $280.00 price objective on shares of Lowe's Companies in a research report on Friday, June 13th. JPMorgan Chase & Co. lowered their price objective on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Robert W. Baird lowered 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. DA Davidson lowered their price objective on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $271.12.

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.