Lowe's Companies, Inc. (NYSE:LOW) Shares Purchased by OneAscent Family Office LLC

OneAscent Family Office LLC lifted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 248.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,882 shares of the home improvement retailer's stock after purchasing an additional 3,479 shares during the quarter. Lowe's Companies comprises about 1.1% of OneAscent Family Office LLC's holdings, making the stock its 19th largest holding. OneAscent Family Office LLC's holdings in Lowe's Companies were worth $1,140,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Copperwynd Financial LLC raised its stake in shares of Lowe's Companies by 3.5% during the 1st quarter. Copperwynd Financial LLC now owns 4,343 shares of the home improvement retailer's stock worth $1,013,000 after buying an additional 147 shares in the last quarter. South Dakota Investment Council increased its holdings in shares of Lowe's Companies by 3.1% in the first quarter. South Dakota Investment Council now owns 20,760 shares of the home improvement retailer's stock valued at $4,842,000 after buying an additional 618 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of Lowe's Companies by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 34,042 shares of the home improvement retailer's stock valued at $7,940,000 after buying an additional 993 shares in the last quarter. Fountainhead AM LLC boosted its holdings in Lowe's Companies by 15.9% in the first quarter. Fountainhead AM LLC now owns 1,957 shares of the home improvement retailer's stock worth $457,000 after purchasing an additional 268 shares in the last quarter. Finally, Brogan Financial Inc. boosted its holdings in Lowe's Companies by 34.0% during the first quarter. Brogan Financial Inc. now owns 1,641 shares of the home improvement retailer's stock valued at $383,000 after acquiring an additional 416 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Price Performance

Lowe's Companies stock traded up $1.94 during mid-day trading on Monday, reaching $221.10. The stock had a trading volume of 2,862,455 shares, compared to its average volume of 2,497,135. The company has a market capitalization of $123.91 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.07 and a beta of 0.90. The company has a 50-day moving average price of $223.61 and a two-hundred day moving average price of $233.02. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01.

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

Lowe's Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio is currently 39.77%.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction on Tuesday, June 3rd. The stock was 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 directly owned 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, May 21st. 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 note on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 price objective on shares of Lowe's Companies and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Truist Financial set a $264.00 target price on shares of Lowe's Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.