Sequoia Financial Advisors LLC Has $9.39 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Sequoia Financial Advisors LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,261 shares of the home improvement retailer’s stock after purchasing an additional 3,080 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Lowe’s Companies were worth $9,390,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Gen Wealth Partners Inc boosted its position in shares of Lowe’s Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after acquiring an additional 40 shares during the period. First Command Advisory Services Inc. boosted its holdings in Lowe’s Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 3,166 shares of the home improvement retailer’s stock valued at $781,000 after purchasing an additional 42 shares during the period. Peachtree Investment Partners LLC grew its position in shares of Lowe’s Companies by 3.4% during the 4th quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer’s stock valued at $317,000 after purchasing an additional 42 shares in the last quarter. Second Line Capital LLC increased its holdings in shares of Lowe’s Companies by 0.9% in the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock worth $1,183,000 after purchasing an additional 44 shares during the period. Finally, Cape Investment Advisory Inc. boosted its stake in Lowe’s Companies by 12.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 428 shares of the home improvement retailer’s stock valued at $106,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president now owns 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Up 0.3%

Lowe’s Companies stock opened at $221.47 on Friday. The business has a 50-day simple moving average of $223.08 and a two-hundred day simple moving average of $236.58. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The company has a market cap of $124.12 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.09 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.06 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.17%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe’s Companies’s payout ratio is presently 38.11%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Sanford C. Bernstein set a $266.00 target price on Lowe’s Companies and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Citigroup reaffirmed a “neutral” rating and set a $253.00 target price (down previously from $269.00) on shares of Lowe’s Companies in a report on Wednesday, May 14th. DA Davidson reduced their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, May 22nd. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating on the stock in a report on Tuesday, May 27th. Finally, KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $271.12.

About Lowe’s Companies

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