Full Sail Capital LLC Cuts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Full Sail Capital LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,529 shares of the home improvement retailer’s stock after selling 49 shares during the quarter. Full Sail Capital LLC’s holdings in Lowe’s Companies were worth $377,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LOW. Principal Financial Group Inc. grew its holdings in Lowe’s Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after buying an additional 24,812 shares in the last quarter. Watts Gwilliam & Co. LLC grew its holdings in shares of Lowe’s Companies by 23.6% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 1,049 shares of the home improvement retailer’s stock valued at $259,000 after purchasing an additional 200 shares during the period. ORG Partners LLC increased its position in Lowe’s Companies by 19.3% during the fourth quarter. ORG Partners LLC now owns 1,823 shares of the home improvement retailer’s stock worth $451,000 after purchasing an additional 295 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Lowe’s Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after buying an additional 4,435 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its holdings in shares of Lowe’s Companies by 16.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 5,958 shares of the home improvement retailer’s stock worth $1,470,000 after buying an additional 859 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $222.17 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The stock has a market cap of $124.35 billion, a PE ratio of 18.53, a P/E/G ratio of 1.96 and a beta of 1.00. The stock’s fifty day moving average is $225.26 and its two-hundred day moving average is $247.19.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. On average, research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.07%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company lowered their price objective on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target for the company in a report on Friday, April 25th. Mizuho reduced their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. DA Davidson reaffirmed a “neutral” rating and set a $270.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $278.04.

Lowe’s Companies Profile

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.