HCR Wealth Advisors Has $209,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

HCR Wealth Advisors lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 43.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,543 shares of the home improvement retailer’s stock after selling 1,200 shares during the quarter. HCR Wealth Advisors’ holdings in Lowe’s Companies were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Peoples Bank OH increased its stake in shares of Lowe’s Companies by 1.6% during the second quarter. Peoples Bank OH now owns 4,750 shares of the home improvement retailer’s stock worth $642,000 after purchasing an additional 75 shares during the period. Baldwin Investment Management LLC increased its stake in shares of Lowe’s Companies by 0.7% during the second quarter. Baldwin Investment Management LLC now owns 11,751 shares of the home improvement retailer’s stock worth $1,588,000 after purchasing an additional 76 shares during the period. Nwam LLC increased its stake in shares of Lowe’s Companies by 1.5% during the second quarter. Nwam LLC now owns 5,506 shares of the home improvement retailer’s stock worth $744,000 after purchasing an additional 82 shares during the period. Cypress Wealth Services LLC grew its position in Lowe’s Companies by 1.0% during the second quarter. Cypress Wealth Services LLC now owns 8,980 shares of the home improvement retailer’s stock worth $1,213,000 after buying an additional 87 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in Lowe’s Companies by 43.0% during the first quarter. Benjamin Edwards Inc. now owns 296 shares of the home improvement retailer’s stock worth $25,000 after buying an additional 89 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

Shares of LOW stock traded down $0.29 during mid-day trading on Friday, hitting $148.91. The company’s stock had a trading volume of 3,928,596 shares, compared to its average volume of 3,264,570. The company’s fifty day simple moving average is $137.36 and its 200-day simple moving average is $116.11. Lowe’s Companies, Inc. has a 52 week low of $60.00 and a 52 week high of $149.92. The company has a debt-to-equity ratio of 14.05, a quick ratio of 0.42 and a current ratio of 1.20. The company has a market cap of $112.43 billion, a PE ratio of 25.15, a P/E/G ratio of 1.41 and a beta of 1.44.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.45. Lowe’s Companies had a return on equity of 220.44% and a net margin of 6.17%. The firm had revenue of $19.68 billion during the quarter, compared to analyst estimates of $18.33 billion. During the same period last year, the company posted $1.22 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 6.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.20 annualized dividend and a dividend yield of 1.48%. Lowe’s Companies’s dividend payout ratio is presently 38.46%.

A number of equities research analysts recently issued reports on the company. Longbow Research increased their price target on Lowe’s Companies from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Nomura Instinet increased their price target on Lowe’s Companies from $130.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Guggenheim reiterated a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 20th. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating and set a $108.00 price target for the company. in a research note on Tuesday, April 28th. Finally, UBS Group increased their price target on Lowe’s Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $140.86.

Lowe’s Companies Company Profile

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

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

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