Virtu KCG Holdings LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 94.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,593 shares of the home improvement retailer’s stock after selling 65,892 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Lowe’s Companies were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its position in shares of Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after purchasing an additional 58,073,138 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Lowe’s Companies by 204.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after purchasing an additional 5,380,759 shares in the last quarter. FMR LLC grew its position in shares of Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Lowe’s Companies by 94.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock valued at $269,960,000 after purchasing an additional 1,688,392 shares in the last quarter. 74.38% of the stock is currently owned by institutional investors and hedge funds.

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LOW has been the subject of a number of recent analyst reports. Deutsche Bank AG restated a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Longbow Research reiterated a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $94.00 target price on shares of Lowe’s Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.62.

Shares of Lowe’s Companies, Inc. (LOW) opened at $77.49 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $65.12 and a fifty-two week high of $86.25. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.03 and a quick ratio of 0.19. The stock has a market cap of $64,859.13, a P/E ratio of 17.85, a P/E/G ratio of 1.26 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts expect that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.12%. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a 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.

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

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