McAdam LLC Purchases 77 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

McAdam LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,534 shares of the home improvement retailer’s stock after buying an additional 77 shares during the quarter. McAdam LLC’s holdings in Lowe’s Companies were worth $379,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LOW. AMF Tjanstepension AB raised its holdings in shares of Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after buying an additional 20,123 shares during the last quarter. Czech National Bank raised its stake in Lowe’s Companies by 6.5% in the 3rd quarter. Czech National Bank now owns 116,081 shares of the home improvement retailer’s stock worth $31,441,000 after acquiring an additional 7,044 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Lowe’s Companies by 1.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 174,318 shares of the home improvement retailer’s stock worth $47,214,000 after acquiring an additional 2,199 shares during the period. GAMMA Investing LLC grew its stake in Lowe’s Companies by 29.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,312 shares of the home improvement retailer’s stock valued at $1,439,000 after purchasing an additional 1,218 shares during the last quarter. Finally, Smith Anglin Financial LLC increased its holdings in shares of Lowe’s Companies by 4.0% in the third quarter. Smith Anglin Financial LLC now owns 1,413 shares of the home improvement retailer’s stock valued at $383,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.5 %

Shares of LOW opened at $259.91 on Monday. The firm’s fifty day moving average is $259.00 and its two-hundred day moving average is $257.35. The stock has a market cap of $146.76 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

Lowe’s Companies Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.77%. Lowe’s Companies’s payout ratio is 38.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LOW shares. Wells Fargo & Company lifted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. DA Davidson upped their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Bank of America raised their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

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.