Certified Advisory Corp Has $307,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Certified Advisory Corp cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,314 shares of the home improvement retailer’s stock after selling 285 shares during the quarter. Certified Advisory Corp’s holdings in Lowe’s Companies were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Gen Wealth Partners Inc increased its stake in shares of Lowe’s Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock worth $534,000 after purchasing an additional 40 shares during the last quarter. Peachtree Investment Partners LLC increased its stake in shares of Lowe’s Companies by 3.4% during the 4th quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer’s stock worth $317,000 after purchasing an additional 42 shares during the last quarter. Second Line Capital LLC increased its stake in shares of Lowe’s Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock worth $1,183,000 after purchasing an additional 44 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Lowe’s Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock worth $1,357,000 after purchasing an additional 47 shares during the last quarter. Finally, Fielder Capital Group LLC increased its stake in shares of Lowe’s Companies by 5.9% during the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock worth $202,000 after purchasing an additional 48 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LOW has been the subject of several research analyst reports. Truist Financial set a $264.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. Citigroup reduced their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday. Royal Bank Of Canada reduced their target price on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd. Morgan Stanley reduced their target price on shares of Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Finally, Stifel Nicolaus reduced their target price on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.68.

Lowe’s Companies Trading Up 1.2%

Shares of Lowe’s Companies stock opened at $226.33 on Friday. The company has a 50 day moving average of $223.03 and a 200-day moving average of $231.74. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The company has a market cap of $126.84 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter in the prior year, the firm posted $3.06 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s payout ratio is currently 39.77%.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the transaction, the executive vice president owned 31,898 shares of the company’s stock, valued at $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by insiders.

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.