Callan Capital LLC Sells 153 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Callan Capital LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,955 shares of the home improvement retailer’s stock after selling 153 shares during the period. Callan Capital LLC’s holdings in Lowe’s Companies were worth $729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. AMF Tjanstepension AB raised its holdings in shares of Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Lowe’s Companies by 75.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock worth $14,352,000 after purchasing an additional 22,812 shares in the last quarter. McAdam LLC raised its holdings in Lowe’s Companies by 3.6% in the third quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock worth $395,000 after purchasing an additional 51 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Lowe’s Companies in the third quarter worth $237,000. Finally, DT Investment Partners LLC raised its holdings in Lowe’s Companies by 1.8% in the third quarter. DT Investment Partners LLC now owns 3,337 shares of the home improvement retailer’s stock worth $904,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research reports. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Barclays increased their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Evercore ISI increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. TD Cowen increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus raised their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $282.96.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Performance

NYSE LOW opened at $238.93 on Friday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock has a 50-day moving average of $253.31 and a 200 day moving average of $258.58. The company has a market capitalization of $134.91 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.