Campbell Newman Asset Management Inc. Has $36.07 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Campbell Newman Asset Management Inc. lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 146,144 shares of the home improvement retailer’s stock after selling 11,171 shares during the quarter. Lowe’s Companies comprises approximately 2.9% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 11th largest holding. Campbell Newman Asset Management Inc.’s holdings in Lowe’s Companies were worth $36,068,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. grew its holdings in shares of Lowe’s Companies by 1.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 28,331 shares of the home improvement retailer’s stock valued at $6,246,000 after buying an additional 442 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Lowe’s Companies by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,492,941 shares of the home improvement retailer’s stock worth $329,134,000 after purchasing an additional 116,003 shares during the period. One Capital Management LLC lifted its holdings in shares of Lowe’s Companies by 123.8% during the 2nd quarter. One Capital Management LLC now owns 9,888 shares of the home improvement retailer’s stock valued at $2,180,000 after purchasing an additional 5,469 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Lowe’s Companies by 53.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 19,538 shares of the home improvement retailer’s stock valued at $4,307,000 after purchasing an additional 6,784 shares in the last quarter. Finally, Virtu Financial LLC grew its position in shares of Lowe’s Companies by 3.1% in the 2nd quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer’s stock valued at $727,000 after purchasing an additional 99 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Royal Bank of Canada upped their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Barclays lifted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. TD Cowen increased their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.85.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 2.7 %

LOW traded up $6.85 during trading on Wednesday, hitting $258.04. The company’s stock had a trading volume of 208,643 shares, compared to its average volume of 2,093,046. The firm has a market capitalization of $145.70 billion, a P/E ratio of 21.52, a PEG ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $209.55 and a twelve month high of $287.01. The stock’s fifty day moving average price is $260.54 and its 200-day moving average price is $253.93.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.78%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

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.