Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Empower Advisory Group LLC

Empower Advisory Group LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,085 shares of the home improvement retailer’s stock after selling 17,302 shares during the period. Empower Advisory Group LLC’s holdings in Lowe’s Companies were worth $29,884,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. IFS Advisors LLC bought a new position in Lowe’s Companies during the 4th quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies during the third quarter valued at $27,000. Winch Advisory Services LLC grew its position in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. JNBA Financial Advisors increased its holdings in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC lifted its position in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 70 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Mizuho upped 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. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $282.96.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on 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 sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Down 0.3 %

NYSE:LOW opened at $251.88 on Tuesday. The stock has a fifty day simple moving average of $255.37 and a 200 day simple moving average of $258.59. The firm has a market capitalization of $142.23 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

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.