Allen Mooney & Barnes Investment Advisors LLC Has $15.31 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Allen Mooney & Barnes Investment Advisors LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 62,050 shares of the home improvement retailer’s stock after selling 1,076 shares during the period. Lowe’s Companies comprises about 2.6% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 9th largest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Lowe’s Companies were worth $15,314,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Lowe’s Companies by 308.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 28,315 shares of the home improvement retailer’s stock valued at $6,988,000 after purchasing an additional 21,375 shares in the last quarter. Pines Wealth Management LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at $1,657,000. Wynn Capital LLC lifted its stake in Lowe’s Companies by 1.4% in the 4th quarter. Wynn Capital LLC now owns 3,604 shares of the home improvement retailer’s stock worth $890,000 after acquiring an additional 50 shares in the last quarter. Graves Light Lenhart Wealth Inc. boosted its position in Lowe’s Companies by 155.2% during the 4th quarter. Graves Light Lenhart Wealth Inc. now owns 3,603 shares of the home improvement retailer’s stock worth $889,000 after acquiring an additional 2,191 shares during the period. Finally, Johnson & White Wealth Management LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at about $214,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Mizuho increased their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Truist Financial dropped their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Trading Up 1.1 %

Shares of Lowe’s Companies stock opened at $251.30 on Wednesday. The company has a market cap of $141.90 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The company’s fifty day simple moving average is $260.54 and its 200-day simple moving average is $253.93.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is presently 38.37%.

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.