Lowe’s Companies, Inc. (LOW) Shares Bought by Global Financial Private Capital LLC

Global Financial Private Capital LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 23.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,309 shares of the home improvement retailer’s stock after purchasing an additional 5,194 shares during the quarter. Global Financial Private Capital LLC’s holdings in Lowe’s Companies were worth $2,117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its position in Lowe’s Companies by 1,757.3% during the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after acquiring an additional 58,073,138 shares during the period. OppenheimerFunds Inc. increased its position in Lowe’s Companies by 204.0% during the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after acquiring an additional 5,380,759 shares during the period. FMR LLC increased its position in Lowe’s Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after acquiring an additional 3,732,153 shares during the period. Vanguard Group Inc. increased its position in Lowe’s Companies by 4.3% during the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after acquiring an additional 2,650,045 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in Lowe’s Companies by 94.1% during the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock worth $269,960,000 after acquiring an additional 1,688,392 shares during the period. 74.38% of the stock is currently owned by institutional investors.

Lowe’s Companies, Inc. (LOW) opened at $77.53 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85. Lowe’s Companies, Inc. has a fifty-two week low of $65.12 and a fifty-two week high of $86.25. The stock has a market cap of $64,859.13, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same quarter in the previous year, the business posted $1.37 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. sell-side analysts forecast that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 2.12%. Lowe’s Companies’s payout ratio is 46.20%.

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In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s 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 transaction, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

A number of equities analysts recently commented on LOW shares. Gordon Haskett started coverage on shares of Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price target on the stock. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $89.00 price target on shares of Lowe’s Companies in a research report on Thursday, July 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 price target on shares of Lowe’s Companies in a research report on Friday, July 21st. Finally, BTIG Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $85.62.

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.

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

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