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Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Stratos Wealth Partners LTD.

Lowe's Companies logo with Retail/Wholesale background

Stratos Wealth Partners LTD. reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,997 shares of the home improvement retailer's stock after selling 3,765 shares during the period. Stratos Wealth Partners LTD.'s holdings in Lowe's Companies were worth $8,396,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gen Wealth Partners Inc lifted its holdings in shares of Lowe's Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after acquiring an additional 40 shares during the period. Peachtree Investment Partners LLC raised its holdings in Lowe's Companies by 3.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer's stock valued at $317,000 after buying an additional 42 shares during the period. Second Line Capital LLC lifted its position in Lowe's Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after buying an additional 44 shares in the last quarter. Dumont & Blake Investment Advisors LLC lifted its position in Lowe's Companies by 1.1% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock valued at $1,066,000 after buying an additional 49 shares in the last quarter. Finally, Sollinda Capital Management LLC lifted its position in Lowe's Companies by 0.8% during the fourth quarter. Sollinda Capital Management LLC now owns 6,703 shares of the home improvement retailer's stock valued at $1,654,000 after buying an additional 50 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on LOW. DA Davidson reduced 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 report on Thursday, May 22nd. Royal Bank Of Canada reduced their price target 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 reduced their price target 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. Mizuho reiterated an "outperform" rating and set a $280.00 price objective on shares of Lowe's Companies in a research note on Friday, June 13th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Check Out Our Latest Stock Analysis on Lowe's Companies

Lowe's Companies Price Performance

Lowe's Companies stock opened at $223.48 on Wednesday. The company has a market cap of $125.25 billion, a PE ratio of 18.52, a P/E/G ratio of 2.13 and a beta of 0.90. The company has a fifty day moving average price of $224.06 and a two-hundred day moving average price of $234.62. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01.

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 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.06 earnings per share. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Wednesday, July 23rd. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is currently 38.11%.

Lowe's Companies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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