Aviso Wealth Management Lowers Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Aviso Wealth Management trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,081 shares of the home improvement retailer’s stock after selling 103 shares during the period. Aviso Wealth Management’s holdings in Lowe’s Companies were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in LOW. Claro Advisors LLC raised its holdings in shares of Lowe’s Companies by 36.5% in the 3rd quarter. Claro Advisors LLC now owns 2,357 shares of the home improvement retailer’s stock valued at $638,000 after purchasing an additional 630 shares in the last quarter. Concord Asset Management LLC VA raised its holdings in shares of Lowe’s Companies by 9.1% in the 3rd quarter. Concord Asset Management LLC VA now owns 4,095 shares of the home improvement retailer’s stock valued at $1,109,000 after purchasing an additional 340 shares in the last quarter. Accent Capital Management LLC raised its holdings in shares of Lowe’s Companies by 110.7% in the 3rd quarter. Accent Capital Management LLC now owns 5,256 shares of the home improvement retailer’s stock valued at $1,424,000 after purchasing an additional 2,761 shares in the last quarter. Atlanta Consulting Group Advisors LLC raised its holdings in shares of Lowe’s Companies by 7.9% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 1,729 shares of the home improvement retailer’s stock valued at $468,000 after purchasing an additional 127 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 3.7% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 17,788 shares of the home improvement retailer’s stock valued at $4,818,000 after purchasing an additional 641 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LOW shares. Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their price target for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. UBS Group boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Royal Bank of Canada reduced their price objective on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 21st. Finally, Morgan Stanley boosted their price objective on shares of Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $273.84.

Lowe’s Companies Stock Down 0.4 %

Shares of NYSE LOW opened at $269.40 on Monday. The firm has a 50-day simple moving average of $267.19 and a 200-day simple moving average of $243.74. The stock has a market capitalization of $152.83 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Lowe’s Companies, Inc. has a 52 week low of $196.23 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.56 earnings per share. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a dividend of $1.15 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.14%.

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.