Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Waterfront Wealth Inc.

Waterfront Wealth Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,209 shares of the home improvement retailer’s stock after acquiring an additional 79 shares during the quarter. Waterfront Wealth Inc.’s holdings in Lowe’s Companies were worth $1,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the third quarter worth about $27,000. IFS Advisors LLC acquired a new stake in Lowe’s Companies during the fourth quarter worth about $25,000. JNBA Financial Advisors raised its stake in Lowe’s Companies by 555.6% during the third 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. Winch Advisory Services LLC raised its stake in 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 period. Finally, MFA Wealth Advisors LLC raised its stake in Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $246.63 on Friday. The company has a 50 day moving average price of $253.77 and a 200 day moving average price of $258.57. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The firm has a market capitalization of $139.26 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.96 and a beta of 1.11.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s 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 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 trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays raised their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Guggenheim restated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Truist Financial raised their price target on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus 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.