Lowe’s Companies, Inc. $LOW Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,740 shares of the home improvement retailer’s stock after selling 3,439 shares during the period. Mutual of America Capital Management LLC’s holdings in Lowe’s Companies were worth $15,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in LOW. Vanguard Group Inc. increased its holdings in Lowe’s Companies by 0.7% in the second quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock valued at $12,197,604,000 after buying an additional 366,977 shares in the last quarter. State Street Corp grew its position in shares of Lowe’s Companies by 0.8% during the 2nd quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock valued at $5,527,176,000 after acquiring an additional 207,826 shares during the period. Geode Capital Management LLC increased its stake in shares of Lowe’s Companies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after purchasing an additional 42,190 shares in the last quarter. Norges Bank acquired a new position in Lowe’s Companies in the 2nd quarter worth about $1,773,624,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Lowe’s Companies by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,536,122 shares of the home improvement retailer’s stock worth $784,559,000 after purchasing an additional 34,382 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LOW shares. HSBC reduced their price objective on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, December 1st. Robert W. Baird decreased their price target on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Jefferies Financial Group boosted their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, TD Cowen increased their target price on Lowe’s Companies from $250.00 to $295.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.65.

Lowe’s Companies Stock Up 0.5%

Shares of NYSE:LOW opened at $276.46 on Monday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $281.36. The stock has a market cap of $155.08 billion, a P/E ratio of 22.92, a PEG ratio of 4.59 and a beta of 0.96. The business has a fifty day moving average of $249.28 and a two-hundred day moving average of $246.36.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same quarter in the previous year, the firm earned $2.89 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Lowe’s Companies’s dividend payout ratio is 39.80%.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.