Keel Point LLC cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,131 shares of the home improvement retailer’s stock after selling 109 shares during the period. Keel Point LLC’s holdings in Lowe’s Companies were worth $668,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares during the period. OppenheimerFunds Inc. raised its position in shares of Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after buying an additional 5,380,759 shares during the period. Vanguard Group Inc. raised its position in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares during the period. CIBC World Markets Inc. raised its position in shares of Lowe’s Companies by 5,762.1% in the first quarter. CIBC World Markets Inc. now owns 880,961 shares of the home improvement retailer’s stock valued at $72,424,000 after buying an additional 865,933 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Lowe’s Companies by 65.7% in the first quarter. American Century Companies Inc. now owns 2,182,070 shares of the home improvement retailer’s stock valued at $179,388,000 after buying an additional 865,109 shares during the period. 74.70% of the stock is currently owned by institutional investors.

Shares of Lowe’s Companies, Inc. (LOW) traded up 0.45% on Friday, reaching $77.36. The company’s stock had a trading volume of 811,527 shares. The company has a market cap of $65.31 billion, a price-to-earnings ratio of 24.26 and a beta of 1.08. The stock has a 50-day moving average of $76.72 and a 200 day moving average of $79.37. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. The business had revenue of $16.86 billion during the quarter, compared to the consensus estimate of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were issued a $0.41 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 51.57%.

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LOW has been the topic of several recent analyst reports. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Tuesday, April 18th. Vetr raised Lowe’s Companies from a “strong sell” rating to a “hold” rating and set a $83.11 price target on the stock in a research note on Monday, April 24th. Credit Suisse Group set a $94.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and issued a $89.00 price target on shares of Lowe’s Companies in a research note on Friday, May 5th. Finally, Jefferies Group LLC boosted their price target on Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.23.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the sale, the insider now owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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

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