Lowe's Companies, Inc. (NYSE:LOW) Stock Holdings Cut by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 76.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,361 shares of the home improvement retailer's stock after selling 449,592 shares during the quarter. Pathstone Holdings LLC's holdings in Lowe's Companies were worth $34,404,000 at the end of the most recent quarter.

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

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded up $1.75 on Friday, reaching $234.20. 1,818,109 shares of the company were exchanged, compared to its average volume of 2,506,804. The company's 50-day moving average is $224.34 and its two-hundred day moving average is $245.93. The firm 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America cut their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a research note on Friday, April 25th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research note on Tuesday, April 15th. Morgan Stanley cut their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $277.00.

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.