Focus Financial Network Inc. Has $406,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Focus Financial Network Inc. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,644 shares of the home improvement retailer’s stock after selling 125 shares during the quarter. Focus Financial Network Inc.’s holdings in Lowe’s Companies were worth $406,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after purchasing an additional 2,399,897 shares during the period. International Assets Investment Management LLC boosted its position in Lowe’s Companies by 1,889.7% during the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after purchasing an additional 2,027,668 shares during the period. Strategic Financial Concepts LLC boosted its position in Lowe’s Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after purchasing an additional 1,223,116 shares during the period. Applied Finance Capital Management LLC boosted its position in shares of Lowe’s Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock valued at $219,761,000 after acquiring an additional 645,017 shares during the period. Finally, State Street Corp boosted its position in shares of Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after acquiring an additional 460,851 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.0 %

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

Analysts Set New Price Targets

Several research firms have recently weighed in on LOW. Royal Bank of Canada increased their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. TD Cowen increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Mizuho upped their target price on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $281.64.

Insider Buying and Selling

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

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.