Achmea Investment Management B.V. purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, Holdings Channel reports. The firm purchased 106,757 shares of the home improvement retailer’s stock, valued at approximately $8,775,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after buying an additional 2,650,045 shares during the period. BlackRock Inc. increased its position in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after buying an additional 58,073,138 shares during the period. Geode Capital Management LLC increased its position in shares of Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after buying an additional 671,581 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Lowe’s Companies by 11.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock worth $678,200,000 after buying an additional 852,426 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after buying an additional 5,380,759 shares during the period. Hedge funds and other institutional investors own 74.65% of the company’s stock.

Lowe’s Companies, Inc. (LOW) traded down 2.92% during trading on Tuesday, reaching $75.45. 3,434,042 shares of the company were exchanged. The firm’s 50-day moving average is $76.74 and its 200 day moving average is $79.53. The company has a market capitalization of $63.70 billion, a P/E ratio of 23.66 and a beta of 1.08. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The firm had revenue of $16.86 billion during the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter last year, the business posted $0.87 earnings per share. Lowe’s Companies’s revenue was up 10.7% compared to the same quarter last year. On average, analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were given a dividend of $0.41 per share. The ex-dividend date was Monday, July 24th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a yield of 2.11%. Lowe’s Companies’s payout ratio is presently 51.57%.

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A number of research analysts have recently commented on the stock. Longbow Research reissued a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Monday. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Wolfe Research reissued an “outperform” rating and issued a $94.00 price objective (down previously from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Finally, Goldman Sachs Group, Inc. (The) decreased their price objective on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $85.63.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the sale, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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