Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Tiaa Fsb

Tiaa Fsb trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,577 shares of the home improvement retailer’s stock after selling 783 shares during the quarter. Tiaa Fsb’s holdings in Lowe’s Companies were worth $17,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Lowe’s Companies by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 66,234,867 shares of the home improvement retailer’s stock worth $6,683,762,000 after acquiring an additional 240,910 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Lowe’s Companies by 6,680.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after acquiring an additional 6,219,346 shares in the last quarter. Morgan Stanley raised its stake in Lowe’s Companies by 1.0% during the 2nd quarter. Morgan Stanley now owns 4,970,572 shares of the home improvement retailer’s stock worth $501,580,000 after acquiring an additional 50,649 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Lowe’s Companies by 14.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 3,735,627 shares of the home improvement retailer’s stock worth $408,939,000 after acquiring an additional 483,822 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. raised its stake in Lowe’s Companies by 0.9% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 2,774,755 shares of the home improvement retailer’s stock worth $280,001,000 after acquiring an additional 24,952 shares in the last quarter. Institutional investors and hedge funds own 76.23% of the company’s stock.

In related news, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the completion of the transaction, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the transaction, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at approximately $1,964,092.80. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

Shares of NYSE:LOW traded down $0.75 during midday trading on Wednesday, hitting $105.75. The stock had a trading volume of 59,107 shares, compared to its average volume of 4,740,287. The company has a market capitalization of $82.91 billion, a PE ratio of 20.57, a P/E/G ratio of 1.36 and a beta of 1.30. The stock has a 50 day moving average price of $110.07 and a two-hundred day moving average price of $105.73. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a 1 year low of $84.75 and a 1 year high of $118.23.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.15. The business had revenue of $20.99 billion for the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.07 earnings per share. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 5.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, October 22nd. Lowe’s Companies’s payout ratio is currently 42.80%.

LOW has been the topic of several research analyst reports. Citigroup lifted their price target on shares of Lowe’s Companies from $122.00 to $137.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Goldman Sachs Group initiated coverage on shares of Lowe’s Companies in a research note on Thursday, July 11th. They set a “buy” rating and a $119.00 price target on the stock. Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Cfra restated a “hold” rating and issued a $105.00 price objective on shares of Lowe’s Companies in a research note on Friday, June 14th. Finally, Barclays lifted their price objective on shares of Lowe’s Companies from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, June 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $119.48.

Lowe’s Companies Company Profile

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

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

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