Opinicus Capital Inc. Makes New $1.06 Million Investment in Lowe's Companies, Inc. (NYSE:LOW)

Opinicus Capital Inc. acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,743 shares of the home improvement retailer's stock, valued at approximately $1,056,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in Lowe's Companies during the 4th quarter worth approximately $25,000. Orion Capital Management LLC acquired a new position in Lowe's Companies during the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC boosted its position in Lowe's Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Lowe's Companies during the 3rd quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Down 0.0 %

LOW stock traded down $0.09 during trading hours on Friday, hitting $229.87. 2,001,196 shares of the stock were exchanged, compared to its average volume of 2,110,073. The firm has a market capitalization of $131.53 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. The company has a 50-day simple moving average of $239.98 and a two-hundred day simple moving average of $219.82. Lowe's Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.09. Lowe's Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to analysts' expectations of $18.47 billion. During the same quarter last year, the business earned $2.28 earnings per share. Lowe's Companies's revenue was down 17.1% on a year-over-year basis. On average, equities research analysts predict that Lowe's Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe's Companies's payout ratio is currently 33.43%.

Wall Street Analyst Weigh In

LOW has been the subject of several recent analyst reports. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a report on Wednesday, February 28th. Stifel Nicolaus cut their price objective on Lowe's Companies from $240.00 to $225.00 and set a "hold" rating for the company in a report on Friday, February 16th. Wedbush increased their price objective on Lowe's Companies from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. Mizuho initiated coverage on Lowe's Companies in a report on Tuesday, March 19th. They issued a "buy" rating and a $280.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on Lowe's Companies from $190.00 to $246.00 and gave the company a "sector perform" rating in a report on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Hold" and an average price target of $252.52.

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.