Lowe’s Companies, Inc. (LOW) Holdings Trimmed by Andra AP fonden

Andra AP fonden lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 23.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,400 shares of the home improvement retailer’s stock after selling 23,800 shares during the quarter. Andra AP fonden’s holdings in Lowe’s Companies were worth $6,156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake 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 valued at $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in Lowe’s Companies by 11.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after purchasing an additional 11,119 shares in the last quarter. Blue Edge Capital LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at approximately $727,000. Dimensional Fund Advisors LP grew its stake in Lowe’s Companies by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock valued at $199,407,000 after purchasing an additional 60,109 shares in the last quarter. Finally, KCG Holdings Inc. grew its stake in Lowe’s Companies by 170.7% during the 1st quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock valued at $5,712,000 after purchasing an additional 43,815 shares in the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.

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In other news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

LOW has been the subject of a number of recent analyst reports. Gordon Haskett initiated coverage on Lowe’s Companies in a research note on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective for the company. Oppenheimer Holdings, Inc. set a $100.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, August 23rd. BMO Capital Markets restated a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research note on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, BTIG Research restated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a research note on Friday, August 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $85.32.

Shares of Lowe’s Companies, Inc. (LOW) opened at 81.11 on Wednesday. The company has a 50-day moving average price of $78.58 and a 200 day moving average price of $79.37. The firm has a market capitalization of $67.55 billion, a PE ratio of 23.03 and a beta of 1.07. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. Analysts expect that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is currently 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.

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

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