Diversify Advisory Services LLC Has $1.66 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Diversify Advisory Services LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,691 shares of the home improvement retailer’s stock after selling 1,176 shares during the quarter. Diversify Advisory Services LLC’s holdings in Lowe’s Companies were worth $1,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Diversify Wealth Management LLC increased its stake in Lowe’s Companies by 3.0% during the 4th quarter. Diversify Wealth Management LLC now owns 10,033 shares of the home improvement retailer’s stock worth $2,487,000 after purchasing an additional 295 shares in the last quarter. LVW Advisors LLC raised its holdings in Lowe’s Companies by 16.2% during the fourth quarter. LVW Advisors LLC now owns 4,145 shares of the home improvement retailer’s stock worth $1,023,000 after acquiring an additional 578 shares in the last quarter. Smart Money Group LLC grew its stake in shares of Lowe’s Companies by 5.3% in the fourth quarter. Smart Money Group LLC now owns 2,886 shares of the home improvement retailer’s stock valued at $712,000 after buying an additional 146 shares in the last quarter. Annex Advisory Services LLC raised its holdings in shares of Lowe’s Companies by 48.7% in the 4th quarter. Annex Advisory Services LLC now owns 2,123 shares of the home improvement retailer’s stock valued at $524,000 after purchasing an additional 695 shares during the period. Finally, Client 1ST Advisory Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $350,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of several research reports. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Guggenheim restated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Melius Research initiated coverage on Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price target for the company. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Price Performance

LOW stock opened at $261.39 on Tuesday. The company’s 50 day simple moving average is $260.10 and its 200-day simple moving average is $254.89. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The firm has a market capitalization 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 Dividend Announcement

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

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.