Bard Financial Services Inc. Cuts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Bard Financial Services Inc. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 33.2% during the 3rd quarter, Holdings Channel reports. The fund owned 8,405 shares of the home improvement retailer’s stock after selling 4,185 shares during the period. Bard Financial Services Inc.’s holdings in Lowe’s Companies were worth $2,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC boosted its holdings in Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Lowe’s Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after purchasing an additional 2,027,668 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Lowe’s Companies by 20,275.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer’s stock worth $2,657,000 after purchasing an additional 1,199,100 shares during the last quarter. Applied Finance Capital Management LLC increased its stake in Lowe’s Companies by 387.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock valued at $219,761,000 after purchasing an additional 645,017 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Lowe’s Companies by 170.5% in the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock worth $162,178,000 after buying an additional 463,645 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LOW. DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Barclays increased their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. UBS Group increased their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Melius Research initiated coverage on shares of Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $277.92.

Insider Buying and Selling

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction on 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 owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This represents a 41.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,697 shares of company stock valued at $5,214,586 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $271.00 on Wednesday. Lowe’s Companies, Inc. has a fifty-two week low of $205.84 and a fifty-two week high of $287.01. The company has a 50 day moving average price of $271.07 and a 200 day moving average price of $248.27. The stock has a market capitalization of $153.02 billion, a P/E ratio of 22.53, a PEG ratio of 2.29 and a beta of 1.10.

Lowe’s Companies 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.