Kestra Private Wealth Services LLC Acquires 2,824 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Kestra Private Wealth Services LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,049 shares of the home improvement retailer’s stock after acquiring an additional 2,824 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Lowe’s Companies were worth $8,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stockman Wealth Management Inc. raised its holdings in Lowe’s Companies by 0.9% during the 4th quarter. Stockman Wealth Management Inc. now owns 30,746 shares of the home improvement retailer’s stock valued at $7,588,000 after buying an additional 287 shares during the period. Visionary Horizons LLC raised its stake in shares of Lowe’s Companies by 8.8% in the fourth quarter. Visionary Horizons LLC now owns 2,436 shares of the home improvement retailer’s stock valued at $601,000 after acquiring an additional 196 shares during the period. Quotient Wealth Partners LLC lifted its holdings in shares of Lowe’s Companies by 11.1% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,792 shares of the home improvement retailer’s stock worth $689,000 after acquiring an additional 278 shares during the last quarter. Benedict Financial Advisors Inc. boosted its stake in shares of Lowe’s Companies by 3.0% during the 4th quarter. Benedict Financial Advisors Inc. now owns 11,707 shares of the home improvement retailer’s stock worth $2,889,000 after purchasing an additional 344 shares during the period. Finally, Entropy Technologies LP bought a new position in Lowe’s Companies during the 4th quarter valued at about $8,116,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LOW shares. DA Davidson raised their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Royal Bank of Canada upped their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” 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. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Stock Down 1.9 %

Shares of Lowe’s Companies stock opened at $252.17 on Monday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The firm’s 50 day moving average price is $257.24 and its 200-day moving average price is $257.92. The company has a market cap of $142.39 billion, a P/E ratio of 21.03, a PEG ratio of 2.04 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is presently 38.37%.

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.