Mitsubishi UFJ Trust & Banking Corp Sells 89,074 Shares of Lowe’s Companies, Inc. (LOW)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,814,811 shares of the home improvement retailer’s stock after selling 89,074 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.21% of Lowe’s Companies worth $140,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. boosted its holdings in Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after purchasing an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in Lowe’s Companies by 0.4% during the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 13 shares in the last quarter. Winfield Associates Inc. boosted its holdings in Lowe’s Companies by 0.6% during the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after purchasing an additional 15 shares in the last quarter. Modera Wealth Management LLC boosted its holdings in Lowe’s Companies by 0.3% during the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock valued at $405,000 after purchasing an additional 15 shares in the last quarter. Finally, Alps Advisors Inc. boosted its holdings in Lowe’s Companies by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after purchasing an additional 15 shares in the last quarter. 74.11% of the stock is currently owned by institutional investors.

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In related news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

A number of research firms have weighed in on LOW. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $69.00 price objective on shares of Lowe’s Companies in a report on Wednesday, July 12th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a report on Friday, September 29th. Robert W. Baird set a $87.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.32.

Shares of Lowe’s Companies, Inc. (LOW) opened at 81.11 on Wednesday. The company has a market cap of $67.55 billion, a PE ratio of 23.03 and a beta of 1.07. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The firm’s 50 day moving average is $78.58 and its 200 day moving average is $79.37.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. Lowe’s Companies’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 EPS. On average, equities analysts predict that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.02%. Lowe’s Companies’s payout ratio is 46.20%.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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