Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 18.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,344 shares of the home improvement retailer’s stock after buying an additional 1,924 shares during the quarter. CreativeOne Wealth LLC’s holdings in Lowe’s Companies were worth $3,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LOW. Hancock Whitney Corp grew its position in shares of Lowe’s Companies by 1.8% during the first quarter. Hancock Whitney Corp now owns 5,138 shares of the home improvement retailer’s stock worth $1,309,000 after buying an additional 93 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Lowe’s Companies by 3.9% in the first quarter. Citizens Financial Group Inc. RI now owns 12,754 shares of the home improvement retailer’s stock valued at $3,249,000 after purchasing an additional 478 shares in the last quarter. Virtu Financial LLC acquired a new position in Lowe’s Companies in the first quarter valued at approximately $814,000. LRI Investments LLC acquired a new position in Lowe’s Companies in the first quarter valued at approximately $264,000. Finally, Swedbank AB acquired a new position in Lowe’s Companies in the first quarter valued at approximately $79,366,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on LOW. Gordon Haskett cut their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Sanford C. Bernstein cut their price target on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Truist Financial upped their price target on Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company upped their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Trading Down 0.5 %

NYSE LOW opened at $273.14 on Thursday. The business’s 50-day moving average price is $269.80 and its 200 day moving average price is $245.66. Lowe’s Companies, Inc. has a twelve month low of $196.32 and a twelve month high of $287.01. The company has a market capitalization of $154.95 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.68%. Lowe’s Companies’s dividend payout ratio is 38.37%.

Insider Buying and Selling

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.