Lowe's Companies, Inc. (NYSE:LOW) Stock Position Lowered by Ossiam

Ossiam trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 98.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,308 shares of the home improvement retailer's stock after selling 173,428 shares during the period. Ossiam's holdings in Lowe's Companies were worth $570,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Invst LLC acquired a new position in shares of Lowe's Companies during the 3rd quarter worth $255,000. Virtu Financial LLC boosted its holdings in Lowe's Companies by 66.1% during the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock worth $1,483,000 after buying an additional 2,178 shares in the last quarter. Tudor Financial Inc. acquired a new position in Lowe's Companies during the third quarter worth about $1,877,000. Anchor Investment Management LLC increased its holdings in Lowe's Companies by 2.6% in the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock valued at $12,334,000 after buying an additional 1,161 shares in the last quarter. Finally, World Investment Advisors LLC lifted its position in shares of Lowe's Companies by 7.6% during the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock valued at $6,423,000 after acquiring an additional 1,670 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded up $0.08 during trading on Monday, reaching $220.99. The stock had a trading volume of 570,490 shares, compared to its average volume of 2,470,105. The stock has a market cap of $123.69 billion, a PE ratio of 18.44, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The firm's 50 day moving average price is $229.29 and its two-hundred day moving average price is $250.63.

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

Lowe's Companies Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price objective on shares of Lowe's Companies in a research note on Wednesday, April 16th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Mizuho decreased their price objective on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price for the company in a report on Friday. Finally, Bank of America reduced their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $278.21.

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.