Mediolanum International Funds Ltd Increases Stock Position in Lowe’s Companies, Inc. $LOW

Mediolanum International Funds Ltd increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 559.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,985 shares of the home improvement retailer’s stock after buying an additional 51,736 shares during the period. Mediolanum International Funds Ltd’s holdings in Lowe’s Companies were worth $15,449,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in shares of Lowe’s Companies by 78.5% in the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies in the 2nd quarter valued at approximately $27,000. Solstein Capital LLC increased its position in shares of Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the last quarter. Traub Capital Management LLC purchased a new stake in Lowe’s Companies during the 2nd quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Lowe’s Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Stock Performance

NYSE LOW opened at $266.93 on Monday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $281.36. The company has a market capitalization of $149.73 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 4.43 and a beta of 0.97. The company’s 50-day simple moving average is $253.66 and its two-hundred day simple moving average is $248.10.

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

Lowe’s Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent analyst reports. Evercore ISI increased their target price on shares of Lowe’s Companies from $250.00 to $280.00 in a research note on Tuesday, January 27th. Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price objective on the stock in a research report on Wednesday, January 7th. DA Davidson dropped their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Royal Bank Of Canada decreased their price target on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research note on Thursday, November 20th. Finally, Wells Fargo & Company cut their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $284.81.

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.