Livingston Group Asset Management CO operating as Southport Capital Management reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,057 shares of the home improvement retailer’s stock after selling 10 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Lowe’s Companies were worth $392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LS Investment Advisors LLC increased its position in shares of Lowe’s Companies by 4.1% in the second quarter. LS Investment Advisors LLC now owns 55,769 shares of the home improvement retailer’s stock worth $4,324,000 after buying an additional 2,198 shares during the period. CWM LLC increased its position in shares of Lowe’s Companies by 20,109.8% in the second quarter. CWM LLC now owns 343,567 shares of the home improvement retailer’s stock worth $26,637,000 after buying an additional 341,867 shares during the period. TNB Financial increased its position in shares of Lowe’s Companies by 17.3% in the second quarter. TNB Financial now owns 13,842 shares of the home improvement retailer’s stock worth $1,073,000 after buying an additional 2,038 shares during the period. North American Management Corp acquired a new position in shares of Lowe’s Companies during the second quarter worth about $236,000. Finally, Exane Derivatives increased its position in shares of Lowe’s Companies by 19.6% in the second quarter. Exane Derivatives now owns 3,580 shares of the home improvement retailer’s stock worth $278,000 after buying an additional 586 shares during the period. Hedge funds and other institutional investors own 74.73% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at 74.31 on Tuesday. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The stock has a market cap of $62.73 billion, a PE ratio of 23.30 and a beta of 1.08. The company’s 50-day moving average price is $77.49 and its 200-day moving average price is $79.00. Lowe’s Companies also saw unusually large options trading on Monday. Stock investors bought 6,466 put options on the stock. This is an increase of approximately 538% compared to the typical volume of 1,014 put options.

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. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same period in the prior year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Monday, July 24th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is currently 44.03%.

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A number of research analysts have issued reports on the company. BidaskClub downgraded Lowe’s Companies from a “sell” rating to a “strong sell” rating in a research note on Monday. Stifel Nicolaus restated a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a research note on Friday. Jefferies Group LLC restated a “hold” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Friday. BMO Capital Markets restated a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Thursday, July 20th. Finally, Zacks Investment Research downgraded Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $85.39.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the sale, the insider now owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

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.

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

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