KG&L Capital Management LLC Has $1.76 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

KG&L Capital Management LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 25.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,128 shares of the home improvement retailer’s stock after selling 2,489 shares during the period. KG&L Capital Management LLC’s holdings in Lowe’s Companies were worth $1,759,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LOW. China Universal Asset Management Co. Ltd. increased its holdings in shares of Lowe’s Companies by 10.9% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 9,692 shares of the home improvement retailer’s stock valued at $2,392,000 after acquiring an additional 951 shares during the last quarter. Manuka Financial LLC bought a new stake in Lowe’s Companies during the fourth quarter worth approximately $242,000. Concord Wealth Partners grew its holdings in Lowe’s Companies by 1.1% during the fourth quarter. Concord Wealth Partners now owns 7,576 shares of the home improvement retailer’s stock valued at $1,870,000 after purchasing an additional 85 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Lowe’s Companies by 13.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,962 shares of the home improvement retailer’s stock valued at $731,000 after purchasing an additional 358 shares during the period. Finally, Waldron Private Wealth LLC lifted its stake in shares of Lowe’s Companies by 3.6% in the fourth quarter. Waldron Private Wealth LLC now owns 8,474 shares of the home improvement retailer’s stock worth $2,091,000 after buying an additional 291 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on LOW shares. Sanford C. Bernstein lifted their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Barclays lifted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada increased their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $259.91 on Friday. The company has a market capitalization of $146.76 billion, a PE ratio of 21.68, a P/E/G ratio of 2.19 and a beta of 1.11. The company’s fifty day moving average is $259.00 and its 200-day moving average is $257.24. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders 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 dividend yield of 1.77%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

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.