DMKC Advisory Services LLC Acquires New Position in Lowe’s Companies, Inc. (NYSE:LOW)

DMKC Advisory Services LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, HoldingsChannel.com reports. The fund bought 7,680 shares of the home improvement retailer’s stock, valued at approximately $1,895,000. Lowe’s Companies accounts for about 1.7% of DMKC Advisory Services LLC’s portfolio, making the stock its 25th biggest holding.

A number of other hedge funds have also bought and sold shares of LOW. Kirtland Hills Capital Management LLC increased its position in shares of Lowe’s Companies by 0.6% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 9,469 shares of the home improvement retailer’s stock valued at $2,337,000 after acquiring an additional 57 shares during the period. FFT Wealth Management LLC grew its stake in Lowe’s Companies by 3.1% during the 4th quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer’s stock valued at $340,000 after purchasing an additional 42 shares during the last quarter. Delta Financial Advisors LLC increased its holdings in shares of Lowe’s Companies by 0.4% in the fourth quarter. Delta Financial Advisors LLC now owns 13,202 shares of the home improvement retailer’s stock valued at $3,258,000 after purchasing an additional 59 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Lowe’s Companies by 15.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 78,250 shares of the home improvement retailer’s stock worth $19,312,000 after purchasing an additional 10,658 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Lowe’s Companies by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer’s stock worth $1,033,283,000 after purchasing an additional 385,994 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 2.2 %

LOW stock opened at $242.33 on Wednesday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The firm has a 50-day simple moving average of $252.53 and a 200-day simple moving average of $258.94. The stock has a market capitalization of $136.83 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.96 and a beta of 1.11.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOW. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Mizuho raised their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Sanford C. Bernstein boosted their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Evercore ISI increased their price target 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. Finally, Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $282.96.

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.