Beaumont Financial Advisors LLC Has $22.08 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Beaumont Financial Advisors LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,190 shares of the home improvement retailer’s stock after buying an additional 76 shares during the quarter. Lowe’s Companies makes up about 2.0% of Beaumont Financial Advisors LLC’s portfolio, making the stock its 12th biggest position. Beaumont Financial Advisors LLC’s holdings in Lowe’s Companies were worth $22,075,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $1,461,267,000. Moneta Group Investment Advisors LLC raised its holdings in Lowe’s Companies by 107,710.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock worth $1,012,147,000 after acquiring an additional 5,075,327 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after purchasing an additional 2,110,032 shares during the last quarter. Morgan Stanley grew its stake in Lowe’s Companies by 21.3% in the fourth quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after purchasing an additional 2,050,089 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $430,090,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW traded up $1.13 during mid-day trading on Friday, reaching $229.92. 1,039,299 shares of the stock were exchanged, compared to its average volume of 2,532,104. The stock has a market cap of $131.56 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.69 and a beta of 1.13. The stock has a 50 day simple moving average of $239.46 and a 200-day simple moving average of $218.46. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter last year, the firm posted $2.28 earnings per share. The firm’s revenue was down 17.1% on a year-over-year basis. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Piper Sandler increased their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Barclays lifted their price objective on shares of Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Wedbush raised their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Profile

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.