NTV Asset Management LLC Has $508,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

NTV Asset Management LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,284 shares of the home improvement retailer’s stock after selling 300 shares during the period. NTV Asset Management LLC’s holdings in Lowe’s Companies were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $25,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies in the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC increased its position in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Itau Unibanco Holding S.A. bought a new position in Lowe’s Companies during the 3rd quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on LOW. Mizuho began coverage on shares of Lowe’s Companies in a research report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target on the stock. Stifel Nicolaus decreased their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. The Goldman Sachs Group boosted their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Gordon Haskett reaffirmed a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Finally, Zelman & Associates reiterated a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Price Performance

Shares of LOW stock traded up $2.55 on Friday, hitting $232.13. The stock had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The stock has a market cap of $132.82 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. The business has a 50 day moving average of $240.07 and a 200 day moving average of $221.10.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 EPS. As a group, research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

Lowe’s Companies Company Profile

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.