TCI Wealth Advisors Inc. Has $348,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

TCI Wealth Advisors Inc. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 18.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,409 shares of the home improvement retailer’s stock after selling 313 shares during the period. TCI Wealth Advisors Inc.’s holdings in Lowe’s Companies were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clearbridge Investments LLC raised its holdings in Lowe’s Companies by 3.1% in the 2nd quarter. Clearbridge Investments LLC now owns 334,326 shares of the home improvement retailer’s stock valued at $73,706,000 after acquiring an additional 10,039 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Lowe’s Companies in the 2nd quarter valued at $67,000. Heritage Wealth Management Inc. bought a new position in Lowe’s Companies during the 2nd quarter worth $227,000. Prio Wealth Limited Partnership lifted its holdings in shares of Lowe’s Companies by 5.5% during the second quarter. Prio Wealth Limited Partnership now owns 6,764 shares of the home improvement retailer’s stock worth $1,491,000 after buying an additional 350 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Lowe’s Companies by 69.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 74,500 shares of the home improvement retailer’s stock valued at $16,424,000 after acquiring an additional 30,500 shares during the period. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on LOW shares. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Truist Financial reduced their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Bank of America upped their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Trading Up 0.9 %

Shares of LOW stock opened at $264.12 on Friday. The business’s 50-day moving average price is $259.10 and its 200-day moving average price is $257.05. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The firm has a market capitalization of $149.13 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The firm 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 dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insider Buying and Selling at Lowe’s Companies

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