Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,255 shares of the home improvement retailer’s stock after buying an additional 123 shares during the period. Lowe’s Companies makes up approximately 1.6% of Ulland Investment Advisors LLC’s portfolio, making the stock its 18th biggest position. Ulland Investment Advisors LLC’s holdings in Lowe’s Companies were worth $2,531,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC increased its position in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the period. JNBA Financial Advisors increased its position in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC lifted its stake in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

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 dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of several recent research reports. Truist Financial lowered their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Melius Research initiated coverage on Lowe’s Companies in a research report on Monday, September 23rd. They set a “buy” rating and a $290.00 price objective for the company. Wells Fargo & Company raised their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Mizuho boosted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Stock Up 1.0 %

Shares of NYSE:LOW opened at $261.39 on Tuesday. The company’s fifty day moving average is $260.10 and its two-hundred day moving average is $254.89. The company has a market cap of $147.59 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

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.