Regal Investment Advisors LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,954 shares of the home improvement retailer’s stock after selling 5,239 shares during the period. Lowe’s Companies accounts for about 0.9% of Regal Investment Advisors LLC’s holdings, making the stock its 28th largest position. Regal Investment Advisors LLC’s holdings in Lowe’s Companies were worth $3,449,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its position in 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 raised its position in 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. raised its position in 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 raised its position in 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 raised its position in 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. 72.91% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies, Inc. (NYSE LOW) traded up 0.53% on Friday, hitting $74.28. The stock had a trading volume of 1,810,054 shares. The firm has a market cap of $62.17 billion, a price-to-earnings ratio of 21.09 and a beta of 1.08. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The company’s 50 day moving average price is $75.67 and its 200 day moving average price is $79.52.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by $0.05. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same period last year, the company earned $1.37 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Lowe’s Companies, Inc. will post $4.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

WARNING: This news story was first reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/regal-investment-advisors-llc-has-3-45-million-stake-in-lowes-companies-inc-low/1536410.html.

A number of equities analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) cut their price target on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, May 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 price target on shares of Lowe’s Companies in a report on Thursday, July 20th. Stifel Nicolaus cut their price target on 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 Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 24th. Finally, Vetr lowered 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. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.57.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

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