Archford Capital Strategies LLC Reduces Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Archford Capital Strategies LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,533 shares of the home improvement retailer’s stock after selling 427 shares during the period. Archford Capital Strategies LLC’s holdings in Lowe’s Companies were worth $1,612,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at $27,000. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. JNBA Financial Advisors lifted its position in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Winch Advisory Services LLC lifted its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. Finally, MFA Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LOW. Evercore ISI upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Bank of America increased their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $300.00 in a report on Wednesday, October 9th. TD Cowen increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Mizuho increased their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

LOW opened at $262.35 on Friday. The stock’s 50 day simple moving average is $259.11 and its 200 day simple moving average is $255.95. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The firm has a market cap of $148.13 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.16 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.75%. Lowe’s Companies’s payout ratio is 38.37%.

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.