Tredje AP fonden Sells 14,970 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Tredje AP fonden lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 16.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,641 shares of the home improvement retailer’s stock after selling 14,970 shares during the quarter. Tredje AP fonden’s holdings in Lowe’s Companies were worth $6,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. BlackRock Inc. increased its stake in shares of Lowe’s Companies by 1,757.3% in 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. Geode Capital Management LLC increased its stake in shares of Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after acquiring an additional 671,581 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Lowe’s Companies by 11.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock worth $678,200,000 after acquiring an additional 852,426 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in shares of Lowe’s Companies by 204.0% in 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. Hedge funds and other institutional investors own 74.38% of the company’s stock.

A number of analysts recently issued reports on the stock. Deutsche Bank AG reissued a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Longbow Research reissued a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $94.00 price target on shares of Lowe’s Companies in a report on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.62.

Lowe’s Companies, Inc. (NYSE LOW) traded down $0.59 during midday trading on Monday, hitting $77.49. 7,451,900 shares of the stock traded hands, compared to its average volume of 5,793,787. 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 twelve month low of $65.12 and a twelve month high of $86.25. The stock has a market capitalization of $64,570.00, a price-to-earnings 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 posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the previous year, the business posted $1.37 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts forecast that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

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

In related news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction that occurred on Friday, September 22nd. The stock was 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 of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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Lowe’s Companies Company 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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