Investment Management of Virginia LLC Sells 220 Shares of Lowe’s Companies, Inc. (LOW)

Investment Management of Virginia LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,405 shares of the home improvement retailer’s stock after selling 220 shares during the period. Investment Management of Virginia LLC’s holdings in Lowe’s Companies were worth $1,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after purchasing an additional 2,650,045 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Lowe’s Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after purchasing an additional 11,119 shares during the last quarter. Blue Edge Capital LLC bought a new stake in Lowe’s Companies in the first quarter worth about $727,000. Dimensional Fund Advisors LP lifted its stake in Lowe’s Companies by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock worth $199,407,000 after purchasing an additional 60,109 shares during the last quarter. Finally, KCG Holdings Inc. lifted its stake in Lowe’s Companies by 170.7% in the first quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock worth $5,712,000 after purchasing an additional 43,815 shares during the last quarter. Institutional investors own 74.22% of the company’s stock.

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Several analysts have issued reports on LOW shares. Sanford C. Bernstein reissued an “underperform” rating and issued a $69.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BMO Capital Markets reissued a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Thursday, July 20th. Jefferies Group LLC reissued a “hold” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.32.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the sale, the insider now owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Shares of Lowe’s Companies, Inc. (LOW) opened at 81.10 on Wednesday. The stock’s 50 day moving average is $77.76 and its 200 day moving average is $79.38. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The company has a market cap of $67.54 billion, a P/E ratio of 23.03 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. Lowe’s Companies’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. On average, analysts predict that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.02%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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