Householder Group Estate & Retirement Specialist LLC Sells 484 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Householder Group Estate & Retirement Specialist LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 30.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113 shares of the home improvement retailer’s stock after selling 484 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Lowe’s Companies were worth $274,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Lowe’s Companies by 1,889.7% during the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock worth $578,256,000 after purchasing an additional 2,027,668 shares in the last quarter. Applied Finance Capital Management LLC grew its stake in shares of Lowe’s Companies by 387.7% during the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock valued at $219,761,000 after purchasing an additional 645,017 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Lowe’s Companies by 170.5% in the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock valued at $162,178,000 after purchasing an additional 463,645 shares in the last quarter. Finally, State Street Corp raised its position in Lowe’s Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after purchasing an additional 460,851 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE LOW opened at $261.39 on Friday. The stock has a market cap of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. The business has a 50 day simple moving average of $260.29 and a 200 day simple moving average of $253.98. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is 38.37%.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Piper Sandler raised their price target on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday. Sanford C. Bernstein upped their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Company 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.