Jackson Wealth Management LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,248 shares of the home improvement retailer’s stock after selling 3,886 shares during the quarter. Jackson Wealth Management LLC’s holdings in Lowe’s Companies were worth $2,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Tdam USA Inc. increased its stake in shares of Lowe’s Companies by 6.9% in the second quarter. Tdam USA Inc. now owns 7,850 shares of the home improvement retailer’s stock valued at $750,000 after buying an additional 504 shares during the period. Central Bank & Trust Co. increased its position in Lowe’s Companies by 4.3% during the 2nd quarter. Central Bank & Trust Co. now owns 12,351 shares of the home improvement retailer’s stock valued at $1,180,000 after purchasing an additional 511 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Lowe’s Companies by 13.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,367 shares of the home improvement retailer’s stock valued at $417,000 after purchasing an additional 511 shares during the period. Summit X LLC increased its position in Lowe’s Companies by 13.7% during the 1st quarter. Summit X LLC now owns 4,437 shares of the home improvement retailer’s stock valued at $386,000 after purchasing an additional 536 shares during the period. Finally, Allied Investment Advisors LLC increased its position in Lowe’s Companies by 1.3% during the 2nd quarter. Allied Investment Advisors LLC now owns 42,745 shares of the home improvement retailer’s stock valued at $4,085,000 after purchasing an additional 550 shares during the period. 75.48% of the stock is owned by institutional investors.

In other news, SVP Matthew V. Hollifield sold 12,362 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $99.56, for a total transaction of $1,230,760.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

Shares of LOW stock opened at $97.98 on Friday. The company has a market cap of $80.24 billion, a PE ratio of 22.32, a P/E/G ratio of 1.18 and a beta of 1.32. Lowe’s Companies, Inc. has a 52 week low of $70.76 and a 52 week high of $108.98. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.02 and a quick ratio of 0.18.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 23rd. The home improvement retailer reported $1.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.03). The company had revenue of $17.36 billion for the quarter, compared to analyst estimates of $17.44 billion. Lowe’s Companies had a return on equity of 66.36% and a net margin of 5.55%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. sell-side analysts expect that Lowe’s Companies, Inc. will post 5.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.96%. Lowe’s Companies’s dividend payout ratio (DPR) is 43.74%.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Thursday, May 24th. Wedbush set a $92.00 target price on shares of Lowe’s Companies and gave the company a “hold” rating in a research report on Thursday, May 24th. Royal Bank of Canada increased their target price on shares of Lowe’s Companies to $104.00 and gave the company an “outperform” rating in a research report on Thursday, May 24th. Credit Suisse Group set a $111.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Finally, Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Wednesday, May 23rd. Nine analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $103.00.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

Further Reading: Find a Trading Strategy That Works

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.