Stratos Wealth Advisors LLC Has $611,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Stratos Wealth Advisors LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 15.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,474 shares of the home improvement retailer’s stock after selling 456 shares during the period. Stratos Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $611,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Retirement Systems of Alabama grew its stake in Lowe’s Companies by 143.7% during the fourth quarter. Retirement Systems of Alabama now owns 301,891 shares of the home improvement retailer’s stock worth $74,507,000 after buying an additional 178,016 shares during the last quarter. Welch Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $239,000. Commonwealth Financial Services LLC boosted its holdings in shares of Lowe’s Companies by 20.9% in the 4th quarter. Commonwealth Financial Services LLC now owns 2,408 shares of the home improvement retailer’s stock worth $594,000 after acquiring an additional 416 shares in the last quarter. Rockline Wealth Management LLC grew its position in Lowe’s Companies by 4.7% during the 4th quarter. Rockline Wealth Management LLC now owns 15,156 shares of the home improvement retailer’s stock worth $3,740,000 after acquiring an additional 679 shares during the last quarter. Finally, Flavin Financial Services Inc. acquired a new stake in Lowe’s Companies during the 4th quarter valued at $492,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Barclays upped their price target on shares of 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. DA Davidson raised their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Evercore ISI upped their target price 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. Finally, Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred 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 transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale 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.

Lowe’s Companies Trading Down 1.9 %

LOW stock opened at $252.17 on Friday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The firm has a market cap of $142.39 billion, a PE ratio of 21.03, a P/E/G ratio of 2.18 and a beta of 1.11. The business’s 50-day moving average price is $257.65 and its two-hundred day moving average price is $257.70.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were given a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.82%. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

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.