Packer & Co Ltd maintained its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 533,600 shares of the home improvement retailer’s stock at the close of the 2nd quarter. Lowe’s Companies comprises 5.9% of Packer & Co Ltd’s investment portfolio, making the stock its 4th largest position. Packer & Co Ltd owned approximately 0.06% of Lowe’s Companies worth $43,867,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its position in 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 acquiring an additional 5 shares during the period. Harbour Capital Advisors LLC bought a new stake in Lowe’s Companies in the first quarter worth about $103,000. State of Alaska Department of Revenue bought a new stake in Lowe’s Companies in the first quarter worth about $109,000. Hanson McClain Inc. raised its position in 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 acquiring an additional 45 shares during the period. Finally, First Bank & Trust raised its position in Lowe’s Companies by 11.5% in the first quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock worth $117,000 after acquiring an additional 147 shares during the period. 74.32% of the stock is currently owned by institutional investors and hedge funds.

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LOW has been the topic of several research reports. Bank of America Corporation initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price objective on the stock. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Lowe’s Companies has an average rating of “Hold” and a consensus price target of $85.00.

Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.057% during trading on Wednesday, reaching $78.705. 3,163,931 shares of the company’s stock were exchanged. The company has a market cap of $65.55 billion, a P/E ratio of 22.347 and a beta of 1.07. The stock’s 50-day moving average is $76.05 and its 200-day moving average is $79.62. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. Analysts predict that Lowe’s Companies, Inc. will post $4.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is currently 46.20%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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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