Global Trust Asset Management LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,922 shares of the home improvement retailer’s stock after selling 350 shares during the quarter. Lowe’s Companies comprises 1.6% of Global Trust Asset Management LLC’s portfolio, making the stock its 12th biggest position. Global Trust Asset Management LLC’s holdings in Lowe’s Companies were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Columbia Asset Management bought a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $109,000. Capital Advisors Ltd. LLC bought a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $116,000. Stelac Advisory Services LLC bought a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $123,000. Almanack Investment Partners LLC. bought a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $103,000. Finally, Rational Advisors LLC lifted its stake in Lowe’s Companies by 1,005.9% in the 3rd quarter. Rational Advisors LLC now owns 1,117 shares of the home improvement retailer’s stock valued at $128,000 after acquiring an additional 1,016 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.
NYSE LOW traded up $1.31 on Friday, reaching $97.29. The stock had a trading volume of 501,571 shares, compared to its average volume of 4,656,145. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18. Lowe’s Companies, Inc. has a 1-year low of $81.16 and a 1-year high of $117.70. The firm has a market cap of $77.91 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 1.35 and a beta of 1.35.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The firm had revenue of $17.42 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period in the prior year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 5.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a dividend yield of 1.97%. Lowe’s Companies’s dividend payout ratio is currently 43.74%.
Several equities research analysts have commented on LOW shares. SunTrust Banks upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, September 28th. Morgan Stanley upped their price objective on Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Jefferies Financial Group set a $119.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Robert W. Baird reiterated an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of Lowe’s Companies in a research note on Monday, September 17th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Lowe’s Companies in a research note on Thursday, September 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and an average target price of $111.65.
In other Lowe’s Companies news, Director Brian C. Rogers acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was acquired at an average cost of $88.02 per share, for a total transaction of $880,200.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $880,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.
Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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