Lowe’s Companies, Inc. (LOW) Stake Reduced by Busey Trust CO

Busey Trust CO lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,711 shares of the home improvement retailer’s stock after selling 1,480 shares during the period. Lowe’s Companies makes up about 1.5% of Busey Trust CO’s investment portfolio, making the stock its 21st largest position. Busey Trust CO’s holdings in Lowe’s Companies were worth $11,979,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LOW. Financial Architects Inc boosted its stake in shares of Lowe’s Companies by 1.1% in the first quarter. Financial Architects Inc now owns 4,313 shares of the home improvement retailer’s stock worth $355,000 after buying an additional 46 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in shares of Lowe’s Companies by 1.2% in the fourth quarter. Hilltop Holdings Inc. now owns 4,542 shares of the home improvement retailer’s stock worth $324,000 after buying an additional 54 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of Lowe’s Companies by 0.9% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,550 shares of the home improvement retailer’s stock worth $703,000 after buying an additional 75 shares during the last quarter. Pegasus Partners Ltd. boosted its stake in shares of Lowe’s Companies by 0.6% in the first quarter. Pegasus Partners Ltd. now owns 14,046 shares of the home improvement retailer’s stock worth $1,155,000 after buying an additional 86 shares during the last quarter. Finally, Security National Trust Co. boosted its stake in shares of Lowe’s Companies by 0.5% in the first quarter. Security National Trust Co. now owns 17,439 shares of the home improvement retailer’s stock worth $1,434,000 after buying an additional 87 shares during the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.

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

Lowe’s Companies, Inc. (LOW) opened at 79.80 on Monday. The firm has a market capitalization of $67.37 billion, a price-to-earnings ratio of 25.02 and a beta of 1.08. The firm’s 50-day moving average price is $82.31 and its 200 day moving average price is $78.22. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. The firm had revenue of $16.86 billion during the quarter, compared to the consensus estimate of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share. On average, analysts predict that Lowe’s Companies, Inc. will post $4.62 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, July 24th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a yield of 2.06%. Lowe’s Companies’s payout ratio is 44.03%.

ILLEGAL ACTIVITY WARNING: This story was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2017/06/19/lowes-companies-inc-low-stake-reduced-by-busey-trust-co.html.

A number of brokerages have issued reports on LOW. Royal Bank Of Canada reaffirmed a “buy” rating and set a $90.00 target price on shares of Lowe’s Companies in a research report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) decreased their target price on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, April 18th. Vetr cut Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price for the company. in a research report on Monday, May 8th. Finally, Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $85.62.

In other Lowe’s Companies news, CFO Marshall A. Croom sold 12,700 shares of Lowe’s Companies stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $82.14, for a total value of $1,043,178.00. Following the completion of the transaction, the chief financial officer now directly owns 53,479 shares of the company’s stock, valued at approximately $4,392,765.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ricky D. Damron sold 17,152 shares of Lowe’s Companies stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $81.96, for a total value of $1,405,777.92. Following the completion of the transaction, the chief operating officer now directly owns 78,225 shares of the company’s stock, valued at $6,411,321. The disclosure for this sale can be found here. Insiders sold a total of 41,524 shares of company stock valued at $3,385,050 over the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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

Latest News

Leave a Reply