Foguth Wealth Management LLC. Has $258,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Foguth Wealth Management LLC. lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 986 shares of the home improvement retailer’s stock after selling 239 shares during the quarter. Foguth Wealth Management LLC.’s holdings in Lowe’s Companies were worth $258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its stake in Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares in the last quarter. Czech National Bank increased its position in shares of Lowe’s Companies by 6.5% during the third 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 in the last quarter. GAMMA Investing LLC raised its holdings in shares of Lowe’s Companies by 29.8% during the third quarter. GAMMA Investing LLC now owns 5,312 shares of the home improvement retailer’s stock worth $1,439,000 after acquiring an additional 1,218 shares during the period. Miracle Mile Advisors LLC raised its holdings in shares of Lowe’s Companies by 4.1% during the third quarter. Miracle Mile Advisors LLC now owns 4,896 shares of the home improvement retailer’s stock worth $1,326,000 after acquiring an additional 193 shares during the period. Finally, Atwood & Palmer Inc. lifted its position in Lowe’s Companies by 2.2% in the 3rd quarter. Atwood & Palmer Inc. now owns 70,445 shares of the home improvement retailer’s stock valued at $19,080,000 after acquiring an additional 1,530 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Sanford C. Bernstein upped their price objective 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Truist Financial decreased their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Trading Up 0.3 %

LOW opened at $257.23 on Wednesday. The company’s 50 day moving average is $258.29 and its 200-day moving average is $257.71. The company has a market cap of $145.24 billion, a P/E ratio of 21.45, a PEG ratio of 2.18 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe’s Companies Dividend Announcement

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 1.79%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insider Activity

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction 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 represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.