Integrated Wealth Concepts LLC Has $4.63 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Integrated Wealth Concepts LLC increased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,759 shares of the home improvement retailer's stock after acquiring an additional 1,549 shares during the period. Integrated Wealth Concepts LLC's holdings in Lowe's Companies were worth $4,630,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. IFS Advisors LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC raised its stake in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in Lowe's Companies in the fourth quarter worth about $31,000. Caisse Des Depots ET Consignations bought a new position in Lowe's Companies in the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new position in Lowe's Companies during the 4th quarter valued at about $44,000. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on LOW. Piper Sandler lowered their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price on the stock in a report on Friday, April 25th. DA Davidson reissued a "neutral" rating and issued a $270.00 price target on shares of Lowe's Companies in a report on Wednesday, April 16th. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Finally, Mizuho dropped their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $278.21.

Lowe's Companies Trading Down 0.8 %

NYSE LOW traded down $1.78 on Wednesday, reaching $221.49. The stock had a trading volume of 1,281,511 shares, compared to its average volume of 2,471,767. The company has a market capitalization of $123.97 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The business has a 50 day moving average price of $228.32 and a 200 day moving average price of $250.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. On average, analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.08%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

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.