Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,517 shares of the home improvement retailer’s stock after selling 9,191 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Lowe’s Companies were worth $10,119,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Lowe’s Companies by 4.3% in 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 acquiring an additional 2,650,045 shares in the last quarter. BlackRock Inc. raised its stake in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after purchasing an additional 58,073,138 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after purchasing an additional 671,581 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Lowe’s Companies by 11.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock valued at $678,200,000 after purchasing an additional 852,426 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in shares of Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after purchasing an additional 5,380,759 shares in the last quarter. 74.22% of the stock is currently owned by institutional investors.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the company’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 transaction of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the sale, the insider now 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 currently owned by corporate insiders.

Several brokerages recently issued reports on LOW. Piper Jaffray Companies reiterated a “hold” rating and set a $80.00 price target on shares of Lowe’s Companies in a report on Friday. Jefferies Group LLC restated a “hold” rating and set a $75.00 price objective on shares of Lowe’s Companies in a research note on Thursday, September 28th. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $81.00 target price on shares of Lowe’s Companies in a report on Monday, September 25th. Finally, BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.00.

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Lowe’s Companies, Inc. (NYSE LOW) opened at 80.79 on Tuesday. The stock has a market cap of $67.28 billion, a PE ratio of 22.94 and a beta of 1.07. The company has a 50-day moving average of $76.59 and a 200-day moving average of $79.42. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. Lowe’s Companies also saw some unusual options trading on Monday. Investors bought 6,466 put options on the company. This is an increase of 538% compared to the typical volume of 1,014 put options.

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

The company also recently announced 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. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.03%. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

Lowe’s Companies Company 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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