Alpha Cubed Investments LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 52.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,226 shares of the home improvement retailer’s stock after selling 5,800 shares during the period. Alpha Cubed Investments LLC’s holdings in Lowe’s Companies were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. purchased a new position in Lowe’s Companies in the second quarter valued at about $233,000. SRS Capital Advisors Inc. increased its holdings 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 valued at $101,000 after buying an additional 5 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in Lowe’s Companies in the first quarter valued at about $103,000. Atlantic Trust LLC purchased a new position in Lowe’s Companies in the second quarter valued at about $105,000. Finally, IHT Wealth Management LLC increased its holdings in Lowe’s Companies by 8.7% in the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock valued at $154,000 after buying an additional 110 shares in the last quarter. 73.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (LOW) traded up $0.86 during midday trading on Monday, reaching $84.23. 4,935,400 shares of the company were exchanged, compared to its average volume of 5,877,339. Lowe’s Companies, Inc. has a 1 year low of $70.49 and a 1 year high of $86.25. The firm has a market capitalization of $69,995.13, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the business earned $0.88 earnings per share. Lowe’s Companies’s revenue was up 6.6% compared to the same quarter last year. analysts anticipate that Lowe’s Companies, Inc. will post 4.51 EPS for the current fiscal year.

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.95%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.33%.

A number of research analysts have issued reports on the stock. Bank of America assumed coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 target price for the company. Moffett Nathanson assumed coverage on shares of Lowe’s Companies in a report on Monday. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, August 11th. Piper Jaffray Companies reiterated a “hold” rating and issued a $82.00 price target on shares of Lowe’s Companies in a research report on Friday, November 24th. Finally, Royal Bank Of Canada lowered their price target on shares of Lowe’s Companies from $85.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and an average price target of $87.40.

In other Lowe’s Companies news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on 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 owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,303 shares of company stock worth $1,047,406. 0.11% of the stock is owned by company insiders.

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About Lowe’s Companies

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.

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

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