Valued Wealth Advisors LLC Purchases 128 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Valued Wealth Advisors LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 177.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 200 shares of the home improvement retailer’s stock after purchasing an additional 128 shares during the quarter. Valued Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $49,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. FMR LLC grew its holdings in Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after buying an additional 2,399,897 shares in the last quarter. State Street Corp grew its holdings in shares of Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after purchasing an additional 460,851 shares in the last quarter. Geode Capital Management LLC increased its position in Lowe’s Companies by 1.6% in the third quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock worth $3,169,041,000 after purchasing an additional 187,473 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Lowe’s Companies by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock valued at $912,508,000 after purchasing an additional 39,953 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in Lowe’s Companies by 1.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer’s stock valued at $634,700,000 after purchasing an additional 36,054 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Up 0.4 %

NYSE:LOW opened at $262.35 on Monday. The company has a market capitalization of $148.13 billion, a P/E ratio of 21.88, a PEG ratio of 2.16 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The firm has a fifty day simple moving average of $259.11 and a 200-day simple moving average of $256.48.

Lowe’s Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LOW shares. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Mizuho increased their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note 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 for the company in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

About Lowe’s Companies

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.