Beck Mack & Oliver LLC decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,120 shares of the home improvement retailer’s stock after selling 9,932 shares during the period. Beck Mack & Oliver LLC’s holdings in Lowe’s Companies were worth $25,207,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LOW. BlackRock Inc. raised its position in 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 last quarter. OppenheimerFunds Inc. raised its position in 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 last quarter. Vanguard Group Inc. raised its position in 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 last quarter. Glenview Capital Management LLC raised its position in Lowe’s Companies by 33.8% in the first quarter. Glenview Capital Management LLC now owns 5,452,659 shares of the home improvement retailer’s stock worth $448,263,000 after buying an additional 1,376,540 shares during the last quarter. Finally, Scopus Asset Management L.P. raised its position in Lowe’s Companies by 866.7% in the first quarter. Scopus Asset Management L.P. now owns 1,450,000 shares of the home improvement retailer’s stock worth $119,205,000 after buying an additional 1,300,000 shares during the last quarter. Institutional investors own 72.91% of the company’s stock.

Lowe’s Companies, Inc. (LOW) opened at 74.65 on Friday. The company has a market capitalization of $62.48 billion, a P/E ratio of 21.20 and a beta of 1.07. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. The stock’s 50 day moving average is $75.61 and its 200-day moving average is $79.53.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same quarter last year, the company posted $1.37 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. On average, equities analysts predict that Lowe’s Companies, Inc. will post $4.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.20%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

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A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $83.00 target price (down from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 target price (down from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Piper Jaffray Companies reiterated a “hold” rating and issued a $80.00 target price (down from $83.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Finally, Morgan Stanley lowered their target price on shares of Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a research note on Thursday, August 24th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. Lowe’s Companies has an average rating of “Hold” and a consensus price target of $84.57.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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