Access Financial Services Inc. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 17,021 shares of the home improvement retailer’s stock after selling 715 shares during the period. Lowe’s Companies comprises approximately 1.1% of Access Financial Services Inc.’s portfolio, making the stock its 26th largest position. Access Financial Services Inc.’s holdings in Lowe’s Companies were worth $1,320,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. increased its position in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 13 shares during the last quarter. Winfield Associates Inc. increased its position in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 15 shares during the last quarter. Modera Wealth Management LLC increased its position in shares of Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after buying an additional 15 shares during the last quarter. Finally, First Personal Financial Services increased its position in shares of Lowe’s Companies by 0.3% in the first quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares during the last quarter. Institutional investors own 74.54% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 76.06 on Monday. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The firm has a market capitalization of $64.21 billion, a PE ratio of 23.85 and a beta of 1.08. The firm’s 50 day moving average is $80.38 and its 200 day moving average is $78.55.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. The company had revenue of $16.86 billion for the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. Lowe’s Companies’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. Analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Monday, July 24th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is presently 44.03%.

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A number of brokerages have recently issued reports on LOW. Royal Bank Of Canada reiterated a “buy” rating and issued a $90.00 price target on shares of Lowe’s Companies in a report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) cut their price target on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, Vetr downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target for the company. in a report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. Lowe’s Companies has an average rating of “Hold” and a consensus target price of $85.39.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the sale, the insider now owns 37,716 shares in the company, valued at approximately $3,024,823.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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

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