Abbrea Capital LLC Sells 70 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Abbrea Capital LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,794 shares of the home improvement retailer’s stock after selling 70 shares during the quarter. Abbrea Capital LLC’s holdings in Lowe’s Companies were worth $1,067,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Park Place Capital Corp boosted its position in shares of Lowe’s Companies by 8.8% during the third quarter. Park Place Capital Corp now owns 716 shares of the home improvement retailer’s stock valued at $149,000 after buying an additional 58 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Strategic Blueprint LLC now owns 9,118 shares of the home improvement retailer’s stock valued at $1,895,000 after acquiring an additional 101 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Lowe’s Companies by 4.7% during the 3rd quarter. Caprock Group LLC now owns 5,771 shares of the home improvement retailer’s stock valued at $1,200,000 after acquiring an additional 258 shares during the last quarter. CX Institutional raised its holdings in shares of Lowe’s Companies by 693.8% during the third quarter. CX Institutional now owns 28,830 shares of the home improvement retailer’s stock valued at $5,992,000 after purchasing an additional 25,198 shares during the last quarter. Finally, DeDora Capital Inc. boosted its holdings in Lowe’s Companies by 17.1% in the third quarter. DeDora Capital Inc. now owns 1,865 shares of the home improvement retailer’s stock worth $388,000 after purchasing an additional 272 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Down 0.1 %

Shares of NYSE:LOW traded down $0.33 during trading on Thursday, hitting $229.96. 1,985,008 shares of the stock traded hands, compared to its average volume of 2,513,444. The company has a fifty day moving average price of $239.88 and a two-hundred day moving average price of $219.43. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The company has a market cap of $131.58 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.73 and a beta of 1.13.

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

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is presently 33.43%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LOW. Wells Fargo & Company increased their price target on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. The Goldman Sachs Group increased their price objective on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Oppenheimer restated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. Gordon Haskett reiterated a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Finally, Evercore ISI dropped their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has an average rating of “Hold” and an average 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.