Chevy Chase Trust Holdings LLC Sells 7,782 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Chevy Chase Trust Holdings LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the 4th quarter, Holdings Channel reports. The fund owned 300,515 shares of the home improvement retailer’s stock after selling 7,782 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Lowe’s Companies were worth $74,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LOW. AMF Tjanstepension AB boosted its position 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 valued at $43,290,000 after acquiring an additional 20,123 shares during the period. Creative Planning lifted its position in Lowe’s Companies by 9.0% in the third quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock worth $59,002,000 after purchasing an additional 18,383 shares during the period. ERn Financial LLC bought a new position in Lowe’s Companies in the third quarter worth $245,000. Tsfg LLC lifted its position in Lowe’s Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 100 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its position in Lowe’s Companies by 2.4% in the third quarter. Sumitomo Life Insurance Co. now owns 6,921 shares of the home improvement retailer’s stock worth $1,875,000 after purchasing an additional 159 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 1.0 %

Shares of LOW stock opened at $252.77 on Friday. The stock has a 50-day moving average price of $256.15 and a 200 day moving average price of $258.33. The firm has a market cap of $142.73 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Evercore ISI raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Royal Bank of Canada raised their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. TD Cowen raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Sanford C. Bernstein raised their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $281.64.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

About Lowe’s Companies

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.