Lowe’s Companies, Inc. (LOW) Stake Raised by Callahan Advisors LLC

Callahan Advisors LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,896 shares of the home improvement retailer’s stock after buying an additional 9,449 shares during the quarter. Callahan Advisors LLC’s holdings in Lowe’s Companies were worth $6,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Lowe’s Companies by 1,757.3% during the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. FMR LLC boosted its stake in Lowe’s Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after acquiring an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Lowe’s Companies by 1,457.8% during the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock worth $293,669,000 after acquiring an additional 3,544,665 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lowe’s Companies by 4.3% during the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after acquiring an additional 2,650,045 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Lowe’s Companies by 94.1% during the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock worth $269,960,000 after acquiring an additional 1,688,392 shares in the last quarter. Institutional investors own 73.29% of the company’s stock.

Lowe’s Companies, Inc. (LOW) opened at $85.60 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe’s Companies, Inc. has a 12-month low of $70.49 and a 12-month high of $88.55. The firm has a market cap of $71,027.54, a PE ratio of 18.98, a P/E/G ratio of 1.37 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the firm earned $0.88 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. research analysts predict that Lowe’s Companies, Inc. will post 4.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors 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 1.92%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is currently 39.33%.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares in the company, valued at $372,930. The disclosure for this sale can be found here. Insiders have sold 13,303 shares of company stock worth $1,047,406 over the last three months. 0.11% of the stock is owned by insiders.

LOW has been the topic of several research analyst reports. Longbow Research reissued a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. BTIG Research reissued a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research note on Friday, August 18th. Credit Suisse Group reissued an “outperform” rating and set a $94.00 target price on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Oppenheimer set a $100.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, BMO Capital Markets lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $89.00 to $82.00 in a research note on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $87.40.

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

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