Tredje AP fonden Has $7.61 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Tredje AP fonden increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,611 shares of the home improvement retailer’s stock after buying an additional 1,218 shares during the period. Tredje AP fonden’s holdings in Lowe’s Companies were worth $7,614,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Beacon Financial Group boosted its position in Lowe’s Companies by 11.4% in the first quarter. Beacon Financial Group now owns 38,709 shares of the home improvement retailer’s stock valued at $3,185,000 after buying an additional 3,960 shares during the last quarter. First Financial Bank N.A. Trust Division boosted its position in shares of Lowe’s Companies by 2.0% in the first quarter. First Financial Bank N.A. Trust Division now owns 73,369 shares of the home improvement retailer’s stock worth $6,032,000 after buying an additional 1,417 shares in the last quarter. McQueen Ball & Associates Inc. boosted its position in shares of Lowe’s Companies by 0.8% in the first quarter. McQueen Ball & Associates Inc. now owns 33,574 shares of the home improvement retailer’s stock worth $2,760,000 after buying an additional 280 shares in the last quarter. Triangle Securities Wealth Management boosted its position in shares of Lowe’s Companies by 1.2% in the first quarter. Triangle Securities Wealth Management now owns 42,896 shares of the home improvement retailer’s stock worth $3,526,000 after buying an additional 494 shares in the last quarter. Finally, Cohen Lawrence B boosted its position in shares of Lowe’s Companies by 33.7% in the first quarter. Cohen Lawrence B now owns 4,980 shares of the home improvement retailer’s stock worth $409,000 after buying an additional 1,255 shares in the last quarter. Hedge funds and other institutional investors own 74.65% of the company’s stock.

Lowe’s Companies, Inc. (NYSE LOW) opened at 73.64 on Friday. The stock has a 50 day moving average of $76.47 and a 200 day moving average of $79.47. The company has a market cap of $62.17 billion, a price-to-earnings ratio of 23.09 and a beta of 1.08. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The company had revenue of $16.86 billion during the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. Equities research analysts predict that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.23%. Lowe’s Companies’s payout ratio is presently 51.57%.

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A number of equities analysts have recently issued reports on the stock. Vetr cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price objective for the company. in a research note on Monday, May 8th. BMO Capital Markets restated a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Friday, May 5th. Credit Suisse Group set a $94.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Zacks Investment Research cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Jefferies Group LLC increased their price objective on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, May 12th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.69.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the sale, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.

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

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