Trivant Custom Portfolio Group LLC Decreases Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Trivant Custom Portfolio Group LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,793 shares of the home improvement retailer’s stock after selling 67 shares during the quarter. Lowe’s Companies accounts for 2.0% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its 16th biggest position. Trivant Custom Portfolio Group LLC’s holdings in Lowe’s Companies were worth $3,404,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Virtu Financial LLC lifted its stake in Lowe’s Companies by 3.1% in the second quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer’s stock worth $727,000 after acquiring an additional 99 shares during the period. Intech Investment Management LLC raised its holdings in Lowe’s Companies by 1.7% in the 2nd quarter. Intech Investment Management LLC now owns 17,829 shares of the home improvement retailer’s stock worth $3,931,000 after purchasing an additional 298 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Lowe’s Companies by 1.5% in the 2nd quarter. Brighton Jones LLC now owns 19,503 shares of the home improvement retailer’s stock worth $4,300,000 after purchasing an additional 279 shares during the period. Trust Investment Advisors boosted its stake in shares of Lowe’s Companies by 1.2% during the 2nd quarter. Trust Investment Advisors now owns 4,422 shares of the home improvement retailer’s stock valued at $975,000 after purchasing an additional 54 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Lowe’s Companies by 6.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 64,690 shares of the home improvement retailer’s stock valued at $14,262,000 after buying an additional 3,769 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.0 %

Shares of LOW opened at $261.39 on Friday. The firm has a fifty day simple moving average of $260.29 and a two-hundred day simple moving average of $253.98. The firm has a market cap of $147.59 billion, a PE ratio of 21.80, a P/E/G ratio of 2.08 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.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is 38.37%.

Analysts Set New Price Targets

Several analysts have commented on LOW shares. Royal Bank of Canada raised their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Truist Financial dropped their price target 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. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Sanford C. Bernstein raised their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $280.85.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

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.