U.S. Capital Wealth Advisors LLC Purchases 2,503 Shares of Lowe's Companies, Inc. (NYSE:LOW)

U.S. Capital Wealth Advisors LLC raised its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,469 shares of the home improvement retailer's stock after purchasing an additional 2,503 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Lowe's Companies were worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Lowe's Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after acquiring an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Lowe's Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after acquiring an additional 259 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Lowe's Companies by 72.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,429 shares of the home improvement retailer's stock worth $846,000 after acquiring an additional 1,444 shares in the last quarter. Banco Santander S.A. purchased a new position in shares of Lowe's Companies during the fourth quarter worth approximately $831,000. Finally, OFI Invest Asset Management purchased a new position in shares of Lowe's Companies during the fourth quarter worth approximately $64,000. 74.06% of the stock is currently owned by institutional investors.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction 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 sale, the executive vice president owned 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on LOW shares. Wall Street Zen raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. DA Davidson decreased their price target on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Robert W. Baird decreased their target price on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Finally, Mizuho reaffirmed an "outperform" rating and issued a $280.00 target price on shares of Lowe's Companies in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

Lowe's Companies Price Performance

Lowe's Companies stock traded down $1.51 during mid-day trading on Tuesday, reaching $223.48. 2,671,498 shares of the company traded hands, compared to its average volume of 2,661,129. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The firm has a market capitalization of $125.25 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 2.16 and a beta of 0.90. The firm's 50 day moving average price is $224.06 and its 200 day moving average price is $234.70.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the business posted $3.06 EPS. The company's quarterly revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is 39.77%.

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.