Shell Asset Management Co. lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,456 shares of the home improvement retailer’s stock after selling 6,456 shares during the period. Shell Asset Management Co.’s holdings in Lowe’s Companies were worth $6,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOW. Ferguson Wellman Capital Management Inc. increased its position in Lowe’s Companies by 23.8% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 4,434 shares of the home improvement retailer’s stock worth $365,000 after buying an additional 853 shares during the period. Candriam Luxembourg S.C.A. increased its position in Lowe’s Companies by 40.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 111,399 shares of the home improvement retailer’s stock worth $9,159,000 after buying an additional 32,123 shares during the period. Murphy Pohlad Asset Management LLC increased its position in Lowe’s Companies by 29.1% in the first quarter. Murphy Pohlad Asset Management LLC now owns 23,596 shares of the home improvement retailer’s stock worth $1,939,000 after buying an additional 5,315 shares during the period. Diversified Trust Co acquired a new position in Lowe’s Companies during the first quarter worth approximately $207,000. Finally, Hudson Valley Investment Advisors Inc. ADV increased its position in Lowe’s Companies by 0.9% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,550 shares of the home improvement retailer’s stock worth $703,000 after buying an additional 75 shares during the period. 72.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 73.45 on Wednesday. The firm’s 50-day moving average is $75.99 and its 200 day moving average is $79.50. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The firm has a market capitalization of $61.48 billion, a PE ratio of 20.85 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by $0.05. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. Lowe’s Companies’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 earnings per share. On average, equities analysts forecast that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.23%. Lowe’s Companies’s payout ratio is currently 46.20%.

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A number of research analysts have recently issued reports 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 Monday. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $83.00 price objective (down previously from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price objective (down previously from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $80.00 price objective (down previously from $83.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Finally, Morgan Stanley cut their price objective on shares of Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.57.

About Lowe’s Companies

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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