Cornerstone Capital Inc. Sells 250 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cornerstone Capital Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 978 shares of the home improvement retailer’s stock after selling 250 shares during the quarter. Cornerstone Capital Inc.’s holdings in Lowe’s Companies were worth $218,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Private Management Group Inc. boosted its stake in shares of Lowe’s Companies by 4.0% during the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after purchasing an additional 46 shares during the period. First Command Advisory Services Inc. boosted its stake in shares of Lowe’s Companies by 1.9% during the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after purchasing an additional 48 shares during the period. Hamilton Capital LLC boosted its stake in shares of Lowe’s Companies by 2.1% during the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after purchasing an additional 49 shares during the period. Abundance Wealth Counselors boosted its stake in shares of Lowe’s Companies by 0.8% during the fourth quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after purchasing an additional 50 shares during the period. Finally, YHB Investment Advisors Inc. boosted its stake in shares of Lowe’s Companies by 0.6% during the fourth quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after purchasing an additional 50 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.0 %

NYSE LOW opened at $229.87 on Friday. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The stock has a market cap of $131.53 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. The stock’s fifty day moving average price is $239.98 and its 200-day moving average price is $219.82.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the prior year, the firm posted $2.28 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LOW shares. Mizuho started coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective for the company. Barclays upped their target price on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Oppenheimer restated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. JPMorgan Chase & Co. upped their target price on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Gordon Haskett restated a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also 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, and electrical.