Mayflower Financial Advisors LLC Buys 65 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Mayflower Financial Advisors LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,952 shares of the home improvement retailer’s stock after buying an additional 65 shares during the period. Mayflower Financial Advisors LLC’s holdings in Lowe’s Companies were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Joseph P. Lucia & Associates LLC bought a new stake in Lowe’s Companies in the first quarter worth $27,000. Macroview Investment Management LLC increased its position in Lowe’s Companies by 49.1% in the first quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 52 shares during the last quarter. O Dell Group LLC bought a new stake in Lowe’s Companies in the first quarter worth $34,000. Compagnie Lombard Odier SCmA boosted its stake in Lowe’s Companies by 100.0% during the first quarter. Compagnie Lombard Odier SCmA now owns 180 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 90 shares during the period. Finally, DeDora Capital Inc. purchased a new position in Lowe’s Companies during the first quarter worth $39,000. Institutional investors own 74.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on LOW shares. The Goldman Sachs Group lifted their price objective on shares of Lowe’s Companies from $224.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. DA Davidson lifted their price objective on shares of Lowe’s Companies from $225.00 to $247.00 in a research note on Thursday, August 18th. UBS Group lifted their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Evercore ISI lifted their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Finally, MKM Partners lifted their price objective on shares of Lowe’s Companies from $190.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $244.05.

Insider Activity

In related news, EVP Seemantini Godbole sold 11,761 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $214.37, for a total value of $2,521,205.57. Following the sale, the executive vice president now owns 26,575 shares in the company, valued at $5,696,882.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded up $0.01 during trading hours on Friday, reaching $188.13. The stock had a trading volume of 3,003,952 shares, compared to its average volume of 3,967,422. The company has a market cap of $116.77 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.06 and a beta of 1.22. The business’s 50 day moving average price is $198.00 and its 200-day moving average price is $197.74. Lowe’s Companies, Inc. has a 52 week low of $170.12 and a 52 week high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.04. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The firm had revenue of $27.48 billion for the quarter, compared to the consensus estimate of $28.16 billion. During the same quarter in the prior year, the company posted $4.25 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 13.51 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, October 18th. This represents a $4.20 annualized dividend and a dividend yield of 2.23%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.10%.

Lowe’s Companies Profile

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

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

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