Bp Plc Has $7.83 Million Position in Lowe’s Companies, Inc. (LOW)
Bp Plc trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,000 shares of the home improvement retailer’s stock after selling 2,000 shares during the period. Bp Plc’s holdings in Lowe’s Companies were worth $7,834,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of LOW. Vanguard Group Inc. lifted its holdings 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 valued at $5,250,843,000 after acquiring an additional 2,650,045 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Lowe’s Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after acquiring an additional 11,119 shares during the period. Blue Edge Capital LLC acquired a new stake in Lowe’s Companies in the first quarter valued at $727,000. Summit Global Investments acquired a new stake in Lowe’s Companies in the second quarter valued at $1,421,000. Finally, Ffcm LLC lifted its holdings in Lowe’s Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after acquiring an additional 1,853 shares during the period. Hedge funds and other institutional investors own 73.40% of the company’s stock.
Shares of Lowe’s Companies, Inc. (LOW) traded down $0.06 during mid-day trading on Tuesday, reaching $85.54. 6,775,300 shares of the company traded hands, compared to its average volume of 5,980,708. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The firm has a market cap of $71,027.50, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. Lowe’s Companies, Inc. has a 12-month low of $70.49 and a 12-month high of $88.55.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. sell-side analysts predict that Lowe’s Companies, Inc. will post 4.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 39.33%.
A number of equities research analysts have commented on the company. Atlantic Securities downgraded Lowe’s Companies from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a report on Tuesday, November 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $82.00 target price on shares of Lowe’s Companies in a report on Friday, November 24th. UBS raised their target price on Lowe’s Companies from $89.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Credit Suisse Group set a $88.00 target price on Lowe’s Companies and gave the company a “hold” rating in a report on Friday, November 24th. Finally, Robert W. Baird set a $87.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $87.40.
In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. Insiders sold a total of 13,303 shares of company stock valued at $1,047,406 in the last 90 days. 0.11% of the stock is owned by company insiders.
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Lowe’s Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a 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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