Capital Wealth Planning LLC Increases Holdings in Lowe's Companies, Inc. (LOW)
Capital Wealth Planning LLC boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 31.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,804 shares of the home improvement retailer’s stock after acquiring an additional 9,664 shares during the period. Lowe's Companies comprises 2.0% of Capital Wealth Planning LLC’s portfolio, making the stock its 9th largest holding. Capital Wealth Planning LLC’s holdings in Lowe's Companies were worth $2,482,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in LOW. BKD Wealth Advisors LLC raised its position in Lowe's Companies by 2.1% during the second quarter. BKD Wealth Advisors LLC now owns 8,668 shares of the home improvement retailer’s stock worth $672,000 after acquiring an additional 179 shares during the last quarter. Prentiss Smith & Co. Inc. raised its position in Lowe's Companies by 2,377.4% during the second quarter. Prentiss Smith & Co. Inc. now owns 3,840 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 3,685 shares during the last quarter. Capital One National Association raised its position in Lowe's Companies by 1.1% during the second quarter. Capital One National Association now owns 13,145 shares of the home improvement retailer’s stock worth $1,019,000 after acquiring an additional 137 shares during the last quarter. City Holding Co. raised its position in Lowe's Companies by 11.8% during the second quarter. City Holding Co. now owns 53,981 shares of the home improvement retailer’s stock worth $4,185,000 after acquiring an additional 5,716 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in Lowe's Companies by 8.2% during the second quarter. Koshinski Asset Management Inc. now owns 6,917 shares of the home improvement retailer’s stock worth $536,000 after acquiring an additional 526 shares during the last quarter. Institutional investors own 73.12% of the company’s stock.
In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the sale, the insider now directly owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on the stock. Barclays upgraded shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Zelman & Associates lowered shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Stifel Nicolaus reissued a “buy” rating and issued a $103.00 price objective on shares of Lowe's Companies in a research report on Friday, December 22nd. Robert W. Baird reissued a “buy” rating and issued a $110.00 price objective on shares of Lowe's Companies in a research report on Wednesday, January 3rd. Finally, Guggenheim started coverage on shares of Lowe's Companies in a research report on Tuesday, December 12th. They issued a “buy” rating and a $95.00 price objective for the company. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Lowe's Companies presently has a consensus rating of “Hold” and a consensus price target of $88.62.
Shares of Lowe's Companies, Inc. (NYSE LOW) opened at $100.86 on Friday. Lowe's Companies, Inc. has a twelve month low of $70.76 and a twelve month high of $102.28. The stock has a market cap of $79,441.27, a P/E ratio of 24.19, a P/E/G ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.
Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. Lowe's Companies’s revenue was up 6.6% compared to the same quarter last year. equities analysts anticipate that Lowe's Companies, Inc. will post 4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.63%. Lowe's Companies’s payout ratio is 39.33%.
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Lowe's Companies Company 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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