Salem Investment Counselors Inc. Has $22.62 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Salem Investment Counselors Inc. lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,796 shares of the home improvement retailer’s stock after selling 2,615 shares during the quarter. Lowe’s Companies accounts for 2.4% of Salem Investment Counselors Inc.’s investment portfolio, making the stock its 5th biggest position. Salem Investment Counselors Inc.’s holdings in Lowe’s Companies were worth $22,621,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LOW. SRS Capital Advisors Inc. grew its holdings in Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $103,000. State of Alaska Department of Revenue bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $109,000. Hanson McClain Inc. boosted its stake in shares of Lowe’s Companies by 3.5% during the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after purchasing an additional 45 shares in the last quarter. Finally, First Bank & Trust boosted its stake in shares of Lowe’s Companies by 11.5% during the 1st quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock valued at $117,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 74.20% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Salem Investment Counselors Inc. Has $22.62 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://ledgergazette.com/2017/09/25/salem-investment-counselors-inc-lowers-stake-in-lowes-companies-inc-low.html.

Lowe’s Companies, Inc. (NYSE:LOW) opened at 78.23 on Monday. The stock has a 50 day moving average of $76.25 and a 200-day moving average of $79.59. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The company has a market capitalization of $65.15 billion, a PE ratio of 22.21 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 earnings per share. Equities analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Several research analysts have issued reports on the stock. Bank of America Corporation assumed coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 target price for the company. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, ten have assigned

A number of other large investors have also modified their holdings of LOW. SRS Capital Advisors Inc. grew its holdings in Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $103,000. State of Alaska Department of Revenue bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $109,000. Hanson McClain Inc. boosted its stake in shares of Lowe’s Companies by 3.5% during the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after purchasing an additional 45 shares in the last quarter. Finally, First Bank & Trust boosted its stake in shares of Lowe’s Companies by 11.5% during the 1st quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock valued at $117,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 74.20% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Salem Investment Counselors Inc. Has $22.62 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://ledgergazette.com/2017/09/25/salem-investment-counselors-inc-lowers-stake-in-lowes-companies-inc-low.html.

Lowe’s Companies, Inc. (NYSE:LOW) opened at 78.23 on Monday. The stock has a 50 day moving average of $76.25 and a 200-day moving average of $79.59. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The company has a market capitalization of $65.15 billion, a PE ratio of 22.21 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 earnings per share. Equities analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Several research analysts have issued reports on the stock. Bank of America Corporation assumed coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 target price for the company. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $85.00.

Lowe’s Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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