Lowe’s Companies, Inc. (NYSE:LOW) Position Reduced by Burney Co.

Burney Co. lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 43,539 shares of the home improvement retailer’s stock after selling 487 shares during the period. Burney Co.’s holdings in Lowe’s Companies were worth $10,746,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC raised its stake in Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after buying an additional 2,399,897 shares in the last quarter. State Street Corp lifted its stake in Lowe’s Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after purchasing an additional 460,851 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lowe’s Companies by 1.6% in the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock worth $3,169,041,000 after purchasing an additional 187,473 shares during the period. Legal & General Group Plc raised its holdings in shares of Lowe’s Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer’s stock worth $1,147,603,000 after purchasing an additional 82,978 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lowe’s Companies by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock worth $912,508,000 after buying an additional 39,953 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 2.6 %

NYSE LOW opened at $257.67 on Wednesday. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The stock’s 50-day moving average price is $260.54 and its two-hundred day moving average price is $253.93. The company has a market cap of $145.49 billion, a PE ratio of 21.49, a PEG ratio of 2.20 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is 38.37%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LOW shares. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. DA Davidson boosted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Mizuho increased their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $280.85.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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.