WealthPLAN Partners LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5,437.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,865 shares of the home improvement retailer’s stock after buying an additional 40,127 shares during the quarter. Lowe’s Companies makes up about 0.9% of WealthPLAN Partners LLC’s holdings, making the stock its 27th largest position. WealthPLAN Partners LLC’s holdings in Lowe’s Companies were worth $3,168,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Advisor Group Inc. increased its holdings in Lowe’s Companies by 8.6% in the second quarter. Advisor Group Inc. now owns 89,039 shares of the home improvement retailer’s stock valued at $6,844,000 after buying an additional 7,016 shares during the last quarter. Suntrust Banks Inc. increased its holdings in Lowe’s Companies by 4.4% in the second quarter. Suntrust Banks Inc. now owns 244,715 shares of the home improvement retailer’s stock valued at $18,971,000 after buying an additional 10,237 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in Lowe’s Companies by 2,185.2% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 59,415 shares of the home improvement retailer’s stock valued at $4,606,000 after buying an additional 56,815 shares during the last quarter. Mariner Wealth Advisors LLC increased its holdings in Lowe’s Companies by 15.8% in the second quarter. Mariner Wealth Advisors LLC now owns 14,901 shares of the home improvement retailer’s stock valued at $1,155,000 after buying an additional 2,031 shares during the last quarter. Finally, Pacific Alternative Asset Management Company LLC purchased a new position in Lowe’s Companies in the second quarter valued at $1,948,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Lowe’s Companies, Inc. (LOW) opened at $77.49 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.03 and a quick ratio of 0.19. The company has a market cap of $64,859.13, a PE ratio of 17.85, a P/E/G ratio of 1.26 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $65.12 and a 12-month high of $86.25.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same quarter in the previous year, the business posted $1.37 earnings per share. Lowe’s Companies’s revenue was up 6.8% on a year-over-year basis. equities analysts forecast that Lowe’s Companies, Inc. will post 4.5 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. Lowe’s Companies’s payout ratio is 46.20%.
Several equities analysts recently commented 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 target price on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Thursday, July 20th. 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Finally, Royal Bank Of Canada dropped their price objective on Lowe’s Companies from $85.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.62.
In other news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction that occurred 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 sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction that occurred 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 sale, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.
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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.
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