Lowe’s Companies, Inc. (LOW) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,447 shares of the home improvement retailer’s stock after buying an additional 884 shares during the quarter. Pacer Advisors Inc.’s holdings in Lowe’s Companies were worth $1,508,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 2,650,045 shares during the last quarter. BlackRock Inc. raised its position in shares of Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Lowe’s Companies by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after acquiring an additional 671,581 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Lowe’s Companies by 11.5% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock valued at $678,200,000 after acquiring an additional 852,426 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of Lowe’s Companies by 204.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after acquiring an additional 5,380,759 shares in the last quarter. Institutional investors own 74.11% of the company’s stock.

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Several research firms recently issued reports on LOW. 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 research report on Friday, October 6th. Gordon Haskett began coverage on 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. Piper Jaffray Companies reissued a “hold” rating and set a $80.00 price target on shares of Lowe’s Companies in a research report on Friday, September 29th. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price target on shares of Lowe’s Companies in a research report on Thursday, September 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $81.00 price target on shares of Lowe’s Companies in a research report on Monday, September 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $85.32.

In other news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the sale, 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. Insiders own 0.11% of the company’s stock.

Lowe’s Companies, Inc. (NYSE:LOW) opened at 80.75 on Thursday. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The stock has a 50 day moving average price of $79.08 and a 200 day moving average price of $79.37. The company has a market cap of $67.25 billion, a PE ratio of 22.93 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (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 the consensus estimate of $19.58 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.03%. Lowe’s Companies’s payout ratio is 46.20%.

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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