Colonial Trust Advisors Sells 7,311 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

by · The Cerbat Gem

Colonial Trust Advisors cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 85.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,259 shares of the home improvement retailer’s stock after selling 7,311 shares during the period. Colonial Trust Advisors’ holdings in Lowe’s Companies were worth $311,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in Lowe’s Companies in the fourth quarter worth approximately $31,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Caisse Des Depots ET Consignations bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Royal Bank of Canada lowered their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Piper Sandler cut their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $278.74.

Get Our Latest Research Report on Lowe’s Companies

Lowe’s Companies Stock Down 0.8 %

LOW opened at $221.35 on Friday. Lowe’s Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The company’s 50-day moving average price is $236.99 and its two-hundred day moving average price is $254.68. The stock has a market cap of $123.89 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.67%.

Lowe’s Companies Company Profile

(Free Report)

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.

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