HCR Wealth Advisors Reduces Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

HCR Wealth Advisors cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 43.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,543 shares of the home improvement retailer’s stock after selling 1,200 shares during the period. HCR Wealth Advisors’ holdings in Lowe’s Companies were worth $209,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LOW. Sunbelt Securities Inc. raised its position in shares of Lowe’s Companies by 12.1% in the fourth quarter. Sunbelt Securities Inc. now owns 21,996 shares of the home improvement retailer’s stock valued at $2,386,000 after buying an additional 2,374 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Lowe’s Companies by 194.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,527 shares of the home improvement retailer’s stock valued at $1,622,000 after purchasing an additional 8,932 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Lowe’s Companies by 146.3% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 303 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 180 shares during the period. Fulton Bank N.A. boosted its stake in shares of Lowe’s Companies by 13.8% in the first quarter. Fulton Bank N.A. now owns 15,456 shares of the home improvement retailer’s stock valued at $1,330,000 after purchasing an additional 1,874 shares during the period. Finally, Pensionfund Sabic raised its holdings in Lowe’s Companies by 2.1% in the first quarter. Pensionfund Sabic now owns 23,800 shares of the home improvement retailer’s stock valued at $2,048,000 after acquiring an additional 500 shares in the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LOW traded down $0.29 during trading on Friday, reaching $148.91. 3,928,596 shares of the stock were exchanged, compared to its average volume of 3,264,570. The company has a debt-to-equity ratio of 14.05, a quick ratio of 0.42 and a current ratio of 1.20. Lowe’s Companies, Inc. has a 12-month low of $60.00 and a 12-month high of $149.92. The firm has a market cap of $112.43 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. The firm’s 50-day moving average price is $137.36 and its 200 day moving average price is $116.11.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.45. Lowe’s Companies had a return on equity of 220.44% and a net margin of 6.17%. The business had revenue of $19.68 billion during the quarter, compared to analysts’ expectations of $18.33 billion. During the same quarter in the previous year, the business earned $1.22 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 6.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, July 21st. Lowe’s Companies’s payout ratio is currently 38.46%.

A number of research firms have weighed in on LOW. TheStreet raised shares of Lowe’s Companies from a “c+” rating to a “b-” rating in a report on Monday, May 11th. Barclays lifted their target price on shares of Lowe’s Companies from $125.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $136.00 to $165.00 in a research report on Friday, July 24th. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $149.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, UBS Group boosted their target price on shares of Lowe’s Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. Lowe’s Companies presently has an average rating of “Buy” and a consensus price target of $140.86.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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