Level Four Advisory Services LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 14,921 shares of the home improvement retailer’s stock after selling 53 shares during the period. Level Four Advisory Services LLC’s holdings in Lowe’s Companies were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LOW. SRS Capital Advisors Inc. boosted its position in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares in the last quarter. Washington Trust Bank boosted its position in shares of Lowe’s Companies by 27.4% in the first quarter. Washington Trust Bank now owns 1,238 shares of the home improvement retailer’s stock worth $102,000 after buying an additional 266 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Lowe’s Companies during the first quarter worth about $109,000. Hanson McClain Inc. boosted its position in shares of Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 45 shares in the last quarter. Finally, First Bank & Trust boosted its position in shares of Lowe’s Companies by 11.5% in the first quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.

Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.32% during mid-day trading on Friday, hitting $77.26. 3,090,052 shares of the stock traded hands. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 24.23 and a beta of 1.08. The company’s 50 day moving average price is $76.69 and its 200-day moving average price is $79.41.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th were issued a $0.41 dividend. This is an increase 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 2.12%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 51.57%.

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A number of brokerages have recently issued reports on LOW. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Wolfe Research reiterated an “outperform” rating and set a $94.00 price objective (down from $95.00) on shares of Lowe’s Companies in a report on Sunday, May 28th. Sanford C. Bernstein reiterated an “underperform” rating and set a $69.00 price objective on shares of Lowe’s Companies in a report on Wednesday, July 12th. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $85.23.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the transaction, the insider now owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

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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