Lowe’s Companies, Inc. (LOW) Stake Boosted by WealthPLAN Partners LLC

WealthPLAN Partners LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,217 shares of the home improvement retailer’s stock after purchasing an additional 10,127 shares during the quarter. Lowe’s Companies accounts for 1.2% of WealthPLAN Partners LLC’s portfolio, making the stock its 13th largest position. WealthPLAN Partners LLC’s holdings in Lowe’s Companies were worth $5,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Magellan Asset Management Ltd lifted its position in Lowe’s Companies by 4.5% in the 4th quarter. Magellan Asset Management Ltd now owns 24,499,155 shares of the home improvement retailer’s stock valued at $2,276,951,000 after acquiring an additional 1,059,347 shares in the last quarter. Geode Capital Management LLC increased its stake in Lowe’s Companies by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,116,711 shares of the home improvement retailer’s stock valued at $845,590,000 after buying an additional 187,857 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Lowe’s Companies by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 8,540,774 shares of the home improvement retailer’s stock valued at $793,780,000 after buying an additional 208,072 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Lowe’s Companies by 0.8% in the 1st quarter. OppenheimerFunds Inc. now owns 6,093,631 shares of the home improvement retailer’s stock valued at $534,715,000 after buying an additional 48,900 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Lowe’s Companies by 33.4% in the 4th quarter. Lazard Asset Management LLC now owns 3,615,861 shares of the home improvement retailer’s stock valued at $336,056,000 after buying an additional 905,463 shares during the last quarter. 72.93% of the stock is currently owned by institutional investors.

Lowe’s Companies traded up $0.11, reaching $99.57, on Thursday, according to Marketbeat.com. The company had a trading volume of 23,942 shares, compared to its average volume of 6,760,002. Lowe’s Companies, Inc. has a fifty-two week low of $70.76 and a fifty-two week high of $108.98. The firm has a market cap of $82.02 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.18 and a current ratio of 1.02.



Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 23rd. The home improvement retailer reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.03). Lowe’s Companies had a net margin of 5.55% and a return on equity of 66.36%. The company had revenue of $17.36 billion during the quarter, compared to analyst estimates of $17.44 billion. During the same quarter last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. equities analysts forecast that Lowe’s Companies, Inc. will post 5.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 8th. Shareholders of record on Wednesday, July 25th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, July 24th. This represents a $1.92 dividend on an annualized basis and a yield of 1.93%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.41. Lowe’s Companies’s payout ratio is currently 37.36%.

LOW has been the topic of several recent research reports. Gabelli initiated coverage on shares of Lowe’s Companies in a research note on Wednesday, April 11th. They issued a “buy” rating and a $113.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target on shares of Lowe’s Companies in a research note on Thursday, March 1st. Deutsche Bank set a $107.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, March 1st. Credit Suisse Group set a $111.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Monday, May 14th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $100.00 price target on shares of Lowe’s Companies in a research note on Tuesday, May 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have given a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus target price of $100.79.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 12,362 shares of the business’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $99.56, for a total value of $1,230,760.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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