Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 390,258 shares of the home improvement retailer’s stock after purchasing an additional 15,257 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of Lowe’s Companies worth $75,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Lowe’s Companies by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 10,792,701 shares of the home improvement retailer’s stock valued at $2,046,670,000 after purchasing an additional 369,456 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Lowe’s Companies by 9.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,053,442 shares of the home improvement retailer’s stock valued at $1,341,424,000 after purchasing an additional 586,207 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Lowe’s Companies by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 6,626,477 shares of the home improvement retailer’s stock valued at $1,260,221,000 after purchasing an additional 123,752 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Lowe’s Companies by 2.9% in the 1st quarter. Franklin Resources Inc. now owns 4,354,645 shares of the home improvement retailer’s stock valued at $828,166,000 after purchasing an additional 121,854 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Lowe’s Companies by 46.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,075,093 shares of the home improvement retailer’s stock valued at $584,821,000 after purchasing an additional 973,815 shares during the last quarter. 72.80% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on LOW shares. DA Davidson reissued a “buy” rating on shares of Lowe’s Companies in a research note on Thursday, August 19th. OTR Global lowered Lowe’s Companies to a “positive” rating in a research note on Tuesday, August 10th. Wedbush lowered Lowe’s Companies from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $225.00 to $210.00 in a research note on Monday, July 26th. Credit Suisse Group increased their target price on Lowe’s Companies from $208.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, August 19th. Finally, TheStreet lowered Lowe’s Companies from a “b” rating to a “c+” rating in a research note on Wednesday, August 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Buy” and an average target price of $216.26.

NYSE:LOW traded up $2.20 during mid-day trading on Thursday, reaching $211.09. 5,401 shares of the stock were exchanged, compared to its average volume of 3,894,830. The company has a 50 day simple moving average of $199.32 and a 200-day simple moving average of $194.66. The stock has a market capitalization of $146.17 billion, a P/E ratio of 21.56, a P/E/G ratio of 1.26 and a beta of 1.34. The company has a quick ratio of 0.36, a current ratio of 1.16 and a debt-to-equity ratio of 49.23. Lowe’s Companies, Inc. has a 1 year low of $146.72 and a 1 year high of $215.22.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 17th. The home improvement retailer reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. The firm had revenue of $27.57 billion for the quarter, compared to the consensus estimate of $26.76 billion. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.75 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.26 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 3rd. Investors of record on Wednesday, October 20th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, October 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.52%. Lowe’s Companies’s dividend payout ratio is presently 36.12%.

Lowe’s Companies Company Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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