Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Andra AP fonden

Andra AP fonden cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 23.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,400 shares of the home improvement retailer’s stock after selling 23,800 shares during the period. Andra AP fonden’s holdings in Lowe’s Companies were worth $6,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its position in Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after purchasing an additional 58,073,138 shares during the period. OppenheimerFunds Inc. increased its position in Lowe’s Companies by 204.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after purchasing an additional 5,380,759 shares during the period. Vanguard Group Inc. increased its position in Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Glenview Capital Management LLC increased its position in Lowe’s Companies by 33.8% during the 1st quarter. Glenview Capital Management LLC now owns 5,452,659 shares of the home improvement retailer’s stock worth $448,263,000 after purchasing an additional 1,376,540 shares during the period. Finally, Scopus Asset Management L.P. increased its position in Lowe’s Companies by 866.7% during the 1st quarter. Scopus Asset Management L.P. now owns 1,450,000 shares of the home improvement retailer’s stock worth $119,205,000 after purchasing an additional 1,300,000 shares during the period. 74.08% of the stock is owned by hedge funds and other institutional investors.

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In other Lowe’s Companies 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 transaction of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on the company. Bank of America Corporation assumed coverage on Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price target on the stock. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Stifel Nicolaus restated a “buy” rating and issued a $87.00 price target on shares of Lowe’s Companies in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Deutsche Bank AG restated a “buy” rating and issued a $90.00 price target (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $85.32.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at 81.53 on Friday. The company has a 50-day moving average price of $79.82 and a 200 day moving average price of $79.33. The firm has a market capitalization of $67.90 billion, a P/E ratio of 23.15 and a beta of 1.07. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same period in the previous year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is presently 46.20%.

Lowe’s Companies Profile

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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