2,063 Shares in Lowe’s Companies, Inc. (LOW) Acquired by Wealthsource Partners LLC

Wealthsource Partners LLC purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,063 shares of the home improvement retailer’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Almanack Investment Partners LLC. purchased a new stake in shares of Lowe’s Companies in the second quarter valued at about $103,000. CSat Investment Advisory L.P. purchased a new stake in shares of Lowe’s Companies in the second quarter valued at about $108,000. Columbia Asset Management purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $109,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $116,000. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $123,000. 73.92% of the stock is currently owned by institutional investors.

In related news, CFO Marshall A. Croom sold 15,735 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the completion of the transaction, the chief financial officer now owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian C. Rogers purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were bought at an average cost of $88.02 per share, with a total value of $880,200.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $880,200. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

Shares of LOW stock opened at $89.40 on Friday. Lowe’s Companies, Inc. has a one year low of $81.16 and a one year high of $117.70. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68. The company has a market cap of $73.51 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.25 and a beta of 1.55.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The firm had revenue of $17.42 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. Lowe’s Companies’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts anticipate that Lowe’s Companies, Inc. will post 5.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 43.74%.

Several analysts have issued reports on the stock. Wedbush set a $105.00 price target on shares of Lowe’s Companies and gave the company a “hold” rating in a report on Thursday, August 23rd. Bank of America boosted their price objective on shares of Lowe’s Companies from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. Argus boosted their price objective on shares of Lowe’s Companies to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. Telsey Advisory Group boosted their price objective on shares of Lowe’s Companies from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Finally, Citigroup boosted their price objective on shares of Lowe’s Companies from $99.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, August 23rd. Ten research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $109.54.

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About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors.

See Also: Depreciation

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

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