Integrated Wealth Concepts LLC Sells 1,575 Shares of Lowe's Companies, Inc. $LOW

Integrated Wealth Concepts LLC lowered its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 17,184 shares of the home improvement retailer's stock after selling 1,575 shares during the period. Integrated Wealth Concepts LLC's holdings in Lowe's Companies were worth $4,008,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe's Companies in the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Lowe's Companies during the 1st quarter valued at $32,000. Orion Capital Management LLC acquired a new position in shares of Lowe's Companies during the 4th quarter valued at $36,000. Inlight Wealth Management LLC acquired a new position in shares of Lowe's Companies during the 1st quarter valued at $36,000. Finally, IFS Advisors LLC lifted 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 valued at $37,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares of the company's stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,121 shares of company stock worth $13,003,146. Insiders own 0.27% of the company's stock.

Lowe's Companies Stock Up 2.3%

LOW traded up $6.01 during trading on Thursday, hitting $272.56. 2,253,358 shares of the company's stock were exchanged, compared to its average volume of 2,716,010. The business's 50 day moving average is $241.49 and its two-hundred day moving average is $231.38. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The stock has a market cap of $152.86 billion, a P/E ratio of 22.40, a PEG ratio of 2.49 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the prior year, the company posted $4.10 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a dividend of $0.012 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe's Companies's dividend payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LOW shares. Mizuho boosted their target price on shares of Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. KeyCorp boosted their target price on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Truist Financial boosted their target price on shares of Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus boosted their price objective on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 18th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $284.13.

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.