Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,196 shares of the home improvement retailer’s stock after selling 853 shares during the quarter. Lowe’s Companies accounts for approximately 1.4% of Community Bank & Trust Waco Texas’ holdings, making the stock its 27th biggest position. Community Bank & Trust Waco Texas’ holdings in Lowe’s Companies were worth $5,162,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in Lowe’s Companies by 1.1% during the 3rd quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock worth $2,271,836,000 after purchasing an additional 116,855 shares during the last quarter. Northern Trust Corp boosted its position in Lowe’s Companies by 1.1% during the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock worth $1,483,733,000 after acquiring an additional 78,901 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after buying an additional 1,831,727 shares during the period. Ontario Teachers Pension Plan Board raised its position in shares of Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock worth $438,783,000 after purchasing an additional 2,110,032 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at $430,090,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

LOW traded down $4.09 during mid-day trading on Wednesday, reaching $229.47. 450,390 shares of the stock were exchanged, compared to its average volume of 2,506,347. The stock has a market capitalization of $131.30 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. The company has a 50 day moving average price of $239.82 and a two-hundred day moving average price of $219.35. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the previous year, the firm earned $2.28 EPS. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. Sell-side analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.92%. Lowe’s Companies’s dividend payout ratio (DPR) is 33.43%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research reports. Wedbush upped their target price on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a report on Monday, March 4th. Gordon Haskett reiterated a “hold” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Finally, Piper Sandler lifted their target price on Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Hold” and a consensus target price of $252.52.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.