Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 117.4% during the first quarter, HoldingsChannel reports. The firm owned 337 shares of the home improvement retailer’s stock after buying an additional 182 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Lowe’s Companies were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kaizen Advisory LLC boosted its stake in Lowe’s Companies by 13.6% in the fourth quarter. Kaizen Advisory LLC now owns 2,226 shares of the home improvement retailer’s stock valued at $206,000 after acquiring an additional 266 shares during the last quarter. CAPROCK Group Inc. boosted its stake in Lowe’s Companies by 25.5% in the fourth quarter. CAPROCK Group Inc. now owns 4,117 shares of the home improvement retailer’s stock valued at $380,000 after acquiring an additional 836 shares during the last quarter. Ledyard National Bank boosted its stake in Lowe’s Companies by 2.4% in the fourth quarter. Ledyard National Bank now owns 60,133 shares of the home improvement retailer’s stock valued at $5,554,000 after acquiring an additional 1,402 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Lowe’s Companies by 27.8% in the fourth quarter. D.A. Davidson & CO. now owns 35,256 shares of the home improvement retailer’s stock valued at $3,256,000 after acquiring an additional 7,663 shares during the last quarter. Finally, Parsec Financial Management Inc. boosted its stake in Lowe’s Companies by 1.0% in the fourth quarter. Parsec Financial Management Inc. now owns 237,295 shares of the home improvement retailer’s stock valued at $21,917,000 after acquiring an additional 2,262 shares during the last quarter. 75.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LOW opened at $93.84 on Tuesday. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23. The company has a current ratio of 1.09, a quick ratio of 0.24 and a debt-to-equity ratio of 6.37. The firm has a market cap of $74.24 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.18 and a beta of 1.37.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.65 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Research analysts predict that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, July 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.35%.

In related news, insider Marvin R. Ellison acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the acquisition, the insider now directly owns 80,090 shares in the company, valued at approximately $7,612,554.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Lowe’s Companies from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. UBS Group cut their target price on shares of Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. ValuEngine lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Wedbush cut their target price on shares of Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $120.00 target price on shares of Lowe’s Companies in a report on Friday, May 24th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Lowe’s Companies has an average rating of “Buy” and an average price target of $113.48.

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Lowe’s Companies Profile

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

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

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