OneAscent Financial Services LLC Grows Position in Lowe's Companies, Inc. (NYSE:LOW)

OneAscent Financial Services LLC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 93.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,190 shares of the home improvement retailer's stock after buying an additional 3,947 shares during the quarter. OneAscent Financial Services LLC's holdings in Lowe's Companies were worth $1,916,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Lowe's Companies during the 1st quarter worth approximately $32,000. Caisse Des Depots ET Consignations acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $33,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Lowe's Companies during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

LOW has been the subject of several recent analyst reports. Sanford C. Bernstein set a $266.00 price target on Lowe's Companies and gave the company an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus reduced their price target on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Wells Fargo & Company reduced their price target on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their price target on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, Mizuho reaffirmed an "outperform" rating and set a $280.00 price objective on shares of Lowe's Companies in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

Insider Activity at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares of the company's stock, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.27% of the company's stock.

Lowe's Companies Trading Up 0.3%

LOW stock opened at $219.14 on Friday. The stock has a 50-day moving average price of $223.61 and a two-hundred day moving average price of $233.12. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a market cap of $122.81 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued 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 company had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.06 earnings per share. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a $1.20 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.19%. Lowe's Companies's payout ratio is 38.11%.

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.

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