Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Aries Wealth Management

Aries Wealth Management cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,181 shares of the home improvement retailer’s stock after selling 175 shares during the quarter. Aries Wealth Management’s holdings in Lowe’s Companies were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LOW. Rudd International Inc. grew its position in shares of Lowe’s Companies by 0.4% in the 3rd quarter. Rudd International Inc. now owns 24,367 shares of the home improvement retailer’s stock worth $2,679,000 after acquiring an additional 100 shares in the last quarter. Rothschild Investment Corp IL boosted its holdings in Lowe’s Companies by 0.4% in the third quarter. Rothschild Investment Corp IL now owns 24,150 shares of the home improvement retailer’s stock worth $2,656,000 after purchasing an additional 100 shares during the period. Acima Private Wealth LLC boosted its holdings in Lowe’s Companies by 1.1% in the third quarter. Acima Private Wealth LLC now owns 8,905 shares of the home improvement retailer’s stock worth $979,000 after purchasing an additional 100 shares during the period. Vectors Research Management LLC increased its stake in Lowe’s Companies by 6.1% during the third quarter. Vectors Research Management LLC now owns 1,732 shares of the home improvement retailer’s stock valued at $190,000 after purchasing an additional 100 shares during the last quarter. Finally, Rockland Trust Co. increased its stake in Lowe’s Companies by 1.8% during the third quarter. Rockland Trust Co. now owns 5,826 shares of the home improvement retailer’s stock valued at $620,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Shares of NYSE LOW opened at $121.00 on Monday. Lowe’s Companies, Inc. has a 1 year low of $90.23 and a 1 year high of $122.88. The firm has a market cap of $92.74 billion, a P/E ratio of 23.54, a PEG ratio of 1.51 and a beta of 1.28. The stock has a fifty day moving average price of $118.71 and a two-hundred day moving average price of $110.28. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 20th. The home improvement retailer reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.06. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.69 billion. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. On average, research analysts predict that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, January 21st. Lowe’s Companies’s payout ratio is currently 42.80%.

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of Lowe’s Companies from $141.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Piper Jaffray Companies raised shares of Lowe’s Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $113.00 to $130.00 in a research report on Tuesday, October 15th. Telsey Advisory Group increased their price objective on shares of Lowe’s Companies from $120.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Oppenheimer raised their target price on shares of Lowe’s Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, UBS Group raised their target price on shares of Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Lowe’s Companies currently has an average rating of “Buy” and an average target price of $129.46.

About Lowe’s Companies

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

See Also: Capital Gains Distribution

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

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