Exxonmobil Investment Management Inc. TX lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 14.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,746 shares of the home improvement retailer’s stock after selling 27,562 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Lowe’s Companies were worth $12,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Creative Planning grew its position in Lowe’s Companies by 0.5% in the 2nd quarter. Creative Planning now owns 170,706 shares of the home improvement retailer’s stock worth $13,235,000 after purchasing an additional 901 shares during the last quarter. Cullinan Associates Inc. grew its position in Lowe’s Companies by 30.7% in the 2nd quarter. Cullinan Associates Inc. now owns 157,818 shares of the home improvement retailer’s stock worth $12,236,000 after purchasing an additional 37,056 shares during the last quarter. Trust Co. of Vermont grew its position in Lowe’s Companies by 3.7% in the 2nd quarter. Trust Co. of Vermont now owns 86,093 shares of the home improvement retailer’s stock worth $6,675,000 after purchasing an additional 3,080 shares during the last quarter. CHICAGO TRUST Co NA grew its position in Lowe’s Companies by 1.3% in the 2nd quarter. CHICAGO TRUST Co NA now owns 3,606 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 46 shares during the last quarter. Finally, Peachtree Investment Advisors Inc. grew its position in Lowe’s Companies by 0.3% in the 2nd quarter. Peachtree Investment Advisors Inc. now owns 30,047 shares of the home improvement retailer’s stock worth $2,330,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.38% during trading on Friday, hitting $78.34. 2,804,008 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $76.25 and its 200-day moving average price is $79.59. 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 $65.24 billion, a PE ratio of 22.24 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same quarter in the previous year, the business posted $1.37 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s payout ratio is currently 46.20%.

Several analysts have issued reports on LOW shares. Goldman Sachs Group, Inc. (The) decreased their price target on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Stifel Nicolaus decreased their price target on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. BMO Capital Markets restated a “buy” rating and issued a $89.00 price target on shares of Lowe’s Companies in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, August 11th. Finally, Longbow Research restated a “buy” rating and issued a $95.00 price target on shares of Lowe’s Companies in a research report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $85.00.

In other news, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

WARNING: This piece of content was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/22/lowes-companies-inc-low-position-reduced-by-exxonmobil-investment-management-inc-tx.html.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.