Osborn Williams & Donohoe LLC Sells 530 Shares of Lowe’s Companies, Inc. (LOW)

Osborn Williams & Donohoe LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 41,574 shares of the home improvement retailer’s stock after selling 530 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Lowe’s Companies were worth $3,223,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the period. Washington Trust Bank boosted its stake in shares of Lowe’s Companies by 27.4% in the first quarter. Washington Trust Bank now owns 1,238 shares of the home improvement retailer’s stock worth $102,000 after buying an additional 266 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Lowe’s Companies during the first quarter worth about $103,000. State of Alaska Department of Revenue bought a new stake in shares of Lowe’s Companies during the first quarter worth about $109,000. Finally, Hanson McClain Inc. boosted its stake in shares of Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 45 shares during the period. 74.70% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies, Inc. (NYSE:LOW) traded up 1.04% during trading on Wednesday, reaching $78.01. The company had a trading volume of 1,588,417 shares. The firm’s 50 day moving average is $77.00 and its 200 day moving average is $79.20. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The company has a market capitalization of $65.86 billion, a PE ratio of 24.46 and a beta of 1.08. Lowe’s Companies also saw unusually large options trading on Monday. Investors purchased 6,466 put options on the stock. This is an increase of approximately 538% compared to the average volume of 1,014 put options.

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

The company also recently disclosed 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 is Monday, July 24th. This represents a $1.64 annualized dividend and a yield of 2.12%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s dividend payout ratio is 51.57%.

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A number of analysts recently issued reports on LOW shares. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) dropped their price objective on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Stifel Nicolaus dropped their price objective on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 24th. Finally, BTIG Research reissued a “buy” rating and set a $95.00 price objective (up previously from $90.00) on shares of Lowe’s Companies in a report on Friday, May 19th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.39.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the transaction, the insider now owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

About Lowe’s Companies

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.

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

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