Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774,239 shares of the home improvement retailer's stock after selling 61,841 shares during the quarter. ProShare Advisors LLC owned 0.14% of Lowe's Companies worth $191,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFS Advisors LLC purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at about $31,000. Winch Advisory Services LLC lifted its position in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $33,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $42,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Trading Up 0.8%

Shares of LOW traded up $1.75 during midday trading on Friday, reaching $234.20. 1,818,109 shares of the company were exchanged, compared to its average volume of 2,508,964. The stock has a 50-day moving average price of $224.34 and a 200-day moving average price of $245.82. The company has a market cap of $131.09 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

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

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOW. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Piper Sandler cut their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Morgan Stanley cut their target price on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. DA Davidson reissued a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a research note on Wednesday, April 16th. Finally, KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $277.00.

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.