Berkeley Inc Sells 2,316 Shares of Lowe’s Companies, Inc. $LOW

Berkeley Inc decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,912 shares of the home improvement retailer’s stock after selling 2,316 shares during the quarter. Lowe’s Companies comprises 4.0% of Berkeley Inc’s holdings, making the stock its 7th largest holding. Berkeley Inc’s holdings in Lowe’s Companies were worth $12,292,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Howard Hughes Medical Institute acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth about $27,000. Solstein Capital LLC increased its position in shares of Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the second quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the period. Finally, Olistico Wealth LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Robert W. Baird dropped their target price on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lowe’s Companies in a research note on Monday, December 29th. Argus decreased their target price on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Cowen reiterated a “hold” rating on shares of Lowe’s Companies in a research note on Tuesday. Finally, Gordon Haskett raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 price target on the stock in a research report on Tuesday, January 13th. Nineteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.65.

Lowe’s Companies Price Performance

LOW stock opened at $268.45 on Wednesday. The business’s 50-day moving average is $246.58 and its two-hundred day moving average is $245.27. The firm has a market capitalization of $150.58 billion, a P/E ratio of 22.26, a P/E/G ratio of 4.60 and a beta of 0.96. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $278.44.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.89 earnings per share. On average, analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Lowe’s Companies’s payout ratio is presently 39.80%.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.