FTB Advisors Inc. Has $5,805,000 Position in Lowe’s Companies, Inc. (LOW)

FTB Advisors Inc. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,860 shares of the home improvement retailer’s stock after buying an additional 1,406 shares during the period. FTB Advisors Inc.’s holdings in Lowe’s Companies were worth $5,805,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Lowe’s Companies by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 4 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $103,000. Hanson McClain Inc. raised its stake in shares of Lowe’s Companies by 17.5% in the second quarter. Hanson McClain Inc. now owns 1,328 shares of the home improvement retailer’s stock valued at $105,000 after buying an additional 198 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Lowe’s Companies by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 230 shares during the last quarter. Finally, Roble Belko & Company Inc raised its stake in shares of Lowe’s Companies by 966.9% in the second quarter. Roble Belko & Company Inc now owns 1,387 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 1,257 shares during the last quarter. 74.00% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded down 0.58% during mid-day trading on Wednesday, hitting $70.80. The company had a trading volume of 1,391,883 shares. Lowe’s Companies, Inc. has a 52-week low of $62.62 and a 52-week high of $83.65. The firm has a 50-day moving average price of $72.49 and a 200 day moving average price of $74.26. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 25.99 and a beta of 1.28.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by $0.08. Lowe’s Companies had a net margin of 3.91% and a return on equity of 46.46%. The company earned $15.70 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same quarter last year, the business posted $0.80 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Lowe’s Companies, Inc. will post $3.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be issued a $0.35 dividend. The ex-dividend date is Monday, January 23rd. This represents a $1.40 annualized dividend and a yield of 1.97%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 51.28%.

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Several analysts recently commented on the company. Vetr lowered Lowe’s Companies from a “hold” rating to a “sell” rating and set a $69.27 price objective for the company. in a report on Tuesday, December 27th. Citigroup Inc. lowered Lowe’s Companies from a “buy” rating to a “neutral” rating in a report on Monday, December 19th. Wedbush reiterated a “neutral” rating and set a $73.00 target price on shares of Lowe’s Companies in a research report on Wednesday, November 30th. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Thursday, December 15th. Finally, Credit Suisse Group set a $72.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, December 1st. Thirteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.19.

In other Lowe’s Companies news, insider Marshall A. Croom sold 6,300 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $71.52, for a total value of $450,576.00. Following the completion of the transaction, the insider now owns 40,602 shares in the company, valued at $2,903,855.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Ricky D. Damron sold 17,225 shares of the business’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $74.83, for a total transaction of $1,288,946.75. Following the completion of the transaction, the chief operating officer now owns 46,725 shares of the company’s stock, valued at approximately $3,496,431.75. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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