Marcum Wealth LLC Purchases 72 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Marcum Wealth LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,797 shares of the home improvement retailer’s stock after acquiring an additional 72 shares during the period. Marcum Wealth LLC’s holdings in Lowe’s Companies were worth $1,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. Segment Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 2.6% in the first quarter. Segment Wealth Management LLC now owns 1,964 shares of the home improvement retailer’s stock valued at $374,000 after acquiring an additional 50 shares in the last quarter. Northstar Group Inc. raised its holdings in Lowe’s Companies by 2.3% in the first quarter. Northstar Group Inc. now owns 2,291 shares of the home improvement retailer’s stock worth $436,000 after purchasing an additional 52 shares in the last quarter. Bluesphere Advisors LLC raised its holdings in Lowe’s Companies by 2.1% in the first quarter. Bluesphere Advisors LLC now owns 2,597 shares of the home improvement retailer’s stock worth $494,000 after purchasing an additional 53 shares in the last quarter. D. Scott Neal Inc. raised its holdings in Lowe’s Companies by 3.7% in the second quarter. D. Scott Neal Inc. now owns 1,491 shares of the home improvement retailer’s stock worth $289,000 after purchasing an additional 53 shares in the last quarter. Finally, Cordasco Financial Network raised its holdings in Lowe’s Companies by 18.6% in the second quarter. Cordasco Financial Network now owns 344 shares of the home improvement retailer’s stock worth $67,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 72.80% of the company’s stock.

Lowe’s Companies stock traded down $1.01 during mid-day trading on Wednesday, hitting $203.16. The company had a trading volume of 28,019 shares, compared to its average volume of 3,904,635. The company has a current ratio of 1.16, a quick ratio of 0.36 and a debt-to-equity ratio of 49.23. Lowe’s Companies, Inc. has a 12-month low of $146.72 and a 12-month high of $215.22. The company’s fifty day moving average is $197.79 and its 200-day moving average is $192.88. The company has a market capitalization of $140.67 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.26 and a beta of 1.34.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 17th. The home improvement retailer reported $4.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.24. The business had revenue of $27.57 billion for the quarter, compared to analyst estimates of $26.76 billion. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.75 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 3rd. Stockholders of record on Wednesday, October 20th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, October 19th. Lowe’s Companies’s payout ratio is 36.12%.

A number of brokerages have commented on LOW. Bank of America reiterated a “buy” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 19th. Robert W. Baird boosted their target price on shares of Lowe’s Companies from $230.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, May 20th. Wedbush lowered Lowe’s Companies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $225.00 to $210.00 in a research note on Monday, July 26th. DA Davidson restated a “buy” rating on shares of Lowe’s Companies in a research note on Thursday, August 19th. Finally, Morgan Stanley boosted their price target on Lowe’s Companies from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $216.26.

About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

Featured Story: What is basic economics?

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.