Cantor Fitzgerald Investment Advisors L.P. Sells 800 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cantor Fitzgerald Investment Advisors L.P. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,067 shares of the home improvement retailer’s stock after selling 800 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Lowe’s Companies were worth $757,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LOW. AMF Tjanstepension AB increased its holdings in shares of Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after acquiring an additional 20,123 shares in the last quarter. Quotient Wealth Partners LLC increased its stake in Lowe’s Companies by 14.7% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,514 shares of the home improvement retailer’s stock worth $681,000 after purchasing an additional 323 shares in the last quarter. Tobam raised its holdings in Lowe’s Companies by 36.7% during the 3rd quarter. Tobam now owns 730 shares of the home improvement retailer’s stock worth $198,000 after buying an additional 196 shares during the period. Pinnacle Bancorp Inc. lifted its stake in Lowe’s Companies by 5.7% in the third quarter. Pinnacle Bancorp Inc. now owns 3,720 shares of the home improvement retailer’s stock valued at $1,008,000 after buying an additional 200 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Lowe’s Companies in the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. Truist Financial reduced their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Mizuho increased their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Bank of America boosted their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 11th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Evercore ISI boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Stock Down 1.9 %

NYSE LOW opened at $252.17 on Friday. The firm has a market capitalization of $142.39 billion, a P/E ratio of 21.03, a PEG ratio of 2.04 and a beta of 1.11. The company has a 50-day moving average price of $257.65 and a 200-day moving average price of $257.70. 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 was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s 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 transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

About Lowe’s Companies

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.