City Holding Co. Has $12.15 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

City Holding Co. cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,224 shares of the home improvement retailer’s stock after selling 1,907 shares during the quarter. Lowe’s Companies comprises about 1.7% of City Holding Co.’s investment portfolio, making the stock its 9th biggest holding. City Holding Co.’s holdings in Lowe’s Companies were worth $12,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LOW. Annex Advisory Services LLC lifted its position in Lowe’s Companies by 48.7% in the 4th quarter. Annex Advisory Services LLC now owns 2,123 shares of the home improvement retailer’s stock worth $524,000 after buying an additional 695 shares in the last quarter. Client 1ST Advisory Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $350,000. Grove Bank & Trust raised its holdings in shares of Lowe’s Companies by 11.0% during the fourth quarter. Grove Bank & Trust now owns 2,980 shares of the home improvement retailer’s stock worth $735,000 after acquiring an additional 296 shares in the last quarter. Joule Financial LLC boosted its position in Lowe’s Companies by 19.1% during the fourth quarter. Joule Financial LLC now owns 1,015 shares of the home improvement retailer’s stock valued at $251,000 after purchasing an additional 163 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in Lowe’s Companies by 10.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 5,219 shares of the home improvement retailer’s stock valued at $1,288,000 after purchasing an additional 499 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $261.39 on Monday. The company’s fifty day moving average is $260.10 and its 200-day moving average is $254.60. Lowe’s Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The company has a market capitalization of $147.59 billion, a PE ratio of 21.80, a P/E/G ratio of 2.08 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LOW shares. Mizuho raised their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price target for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday. Evercore ISI upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Finally, Truist Financial dropped their price target on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Company 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.