UMB Bank N A MO lowered its position in Lowe's Companies, Inc. (NYSE:LOW) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,736 shares of the home improvement retailer’s stock after selling 100 shares during the period. UMB Bank N A MO’s holdings in Lowe's Companies were worth $801,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Lowe's Companies during the fourth quarter valued at approximately $556,574,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $526,087,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lowe's Companies during the third quarter valued at approximately $435,695,000. Glenview Capital Management LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $289,894,000. Finally, Institutional Capital LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $157,700,000. 74.46% of the stock is owned by institutional investors.
Lowe's Companies, Inc. (NYSE:LOW) traded up 0.46% during mid-day trading on Friday, hitting $84.44. 1,349,257 shares of the stock were exchanged. Lowe's Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The stock has a market cap of $72.39 billion, a price-to-earnings ratio of 24.33 and a beta of 1.28. The stock has a 50 day moving average of $83.74 and a 200-day moving average of $76.54.
Lowe's Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, March 1st. The home improvement retailer reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $15.78 billion during the quarter, compared to the consensus estimate of $15.39 billion. Lowe's Companies had a return on equity of 46.46% and a net margin of 3.91%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. Equities analysts predict that Lowe's Companies, Inc. will post $4.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 10th. Shareholders of record on Wednesday, April 26th were paid a $0.35 dividend. The ex-dividend date was Monday, April 24th. This represents a $1.40 annualized dividend and a yield of 1.67%. Lowe's Companies’s dividend payout ratio (DPR) is presently 51.28%.
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LOW has been the topic of several recent analyst reports. Royal Bank of Canada restated a “buy” rating and set a $90.00 price objective on shares of Lowe's Companies in a research note on Monday, April 3rd. BMO Capital Markets restated a “buy” rating and set a $89.00 price objective on shares of Lowe's Companies in a research note on Friday, May 5th. Jefferies Group LLC boosted their price objective on shares of Lowe's Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, May 12th. BTIG Research restated a “buy” rating and set a $80.00 price objective on shares of Lowe's Companies in a research note on Wednesday, February 22nd. Finally, Vetr lowered shares of Lowe's Companies from a “sell” rating to a “strong sell” rating and set a $72.25 price target on the stock. in a research note on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $84.57.
In other news, SVP Matthew V. Hollifield sold 9,299 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $80.99, for a total transaction of $753,126.01. Following the sale, the senior vice president now owns 28,691 shares in the company, valued at $2,323,684.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marshall A. Croom sold 12,700 shares of the company’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $82.14, for a total value of $1,043,178.00. Following the completion of the sale, the chief financial officer now owns 53,479 shares in the company, valued at approximately $4,392,765.06. The disclosure for this sale can be found here. Insiders sold 520,357 shares of company stock worth $42,207,226 in the last quarter. 0.39% of the stock is owned by insiders.
About Lowe's Companies
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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