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

Parthenon LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,971 shares of the home improvement retailer’s stock after selling 800 shares during the quarter. Parthenon LLC’s holdings in Lowe’s Companies were worth $733,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in Lowe’s Companies by 29.7% in the fourth quarter. Private Advisor Group LLC now owns 72,579 shares of the home improvement retailer’s stock valued at $17,913,000 after buying an additional 16,632 shares in the last quarter. Alberta Investment Management Corp grew its position in shares of Lowe’s Companies by 24.1% during the 4th quarter. Alberta Investment Management Corp now owns 3,600 shares of the home improvement retailer’s stock valued at $888,000 after acquiring an additional 700 shares during the period. Financial Perspectives Inc increased its stake in shares of Lowe’s Companies by 13.8% in the 4th quarter. Financial Perspectives Inc now owns 370 shares of the home improvement retailer’s stock valued at $91,000 after purchasing an additional 45 shares in the last quarter. Werba Rubin Papier Wealth Management raised its holdings in Lowe’s Companies by 9.0% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 940 shares of the home improvement retailer’s stock worth $232,000 after purchasing an additional 78 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new position in Lowe’s Companies during the fourth quarter worth approximately $610,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $246.49 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market capitalization of $139.18 billion, a P/E ratio of 20.56, a PEG ratio of 2.00 and a beta of 1.11. The firm’s 50-day moving average is $254.11 and its two-hundred day moving average is $258.65.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. Royal Bank of Canada upped their target price 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. Mizuho increased their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, DA Davidson boosted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $282.96.

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.