Asset Advisors Corp maintained its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,457 shares of the home improvement retailer’s stock at the end of the second quarter. Asset Advisors Corp’s holdings in Lowe’s Companies were worth $346,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the period. Guardian Life Insurance Co. of America boosted its stake in shares of Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 13 shares during the period. Winfield Associates Inc. boosted its stake in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 15 shares during the period. Modera Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after buying an additional 15 shares during the period. Finally, First Personal Financial Services boosted its stake in shares of Lowe’s Companies by 0.3% in the first quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares during the period. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE LOW) traded down 1.19% during trading on Thursday, hitting $77.41. The stock had a trading volume of 2,037,006 shares. The company has a market cap of $65.35 billion, a PE ratio of 24.27 and a beta of 1.08. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The stock has a 50 day moving average of $76.78 and a 200 day moving average of $79.39. Lowe’s Companies also saw unusually large options trading on Monday. Traders bought 6,466 put options on the company. This represents an increase of 538% compared to the average volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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. The firm had revenue of $16.86 billion during the quarter, compared to analysts’ expectations of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. Lowe’s Companies’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th were given a $0.41 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, July 24th. Lowe’s Companies’s payout ratio is currently 51.57%.

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A number of analysts recently issued reports on the company. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Jefferies Group LLC reissued a “hold” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Finally, BMO Capital Markets reissued a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. Lowe’s Companies has an average rating of “Hold” and a consensus price target of $85.39.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the sale, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by insiders.

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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