Moss Adams Wealth Advisors LLC Raises Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Moss Adams Wealth Advisors LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,792 shares of the home improvement retailer’s stock after purchasing an additional 178 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $442,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. increased its stake in shares of Lowe’s Companies by 3.0% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 5,821 shares of the home improvement retailer’s stock valued at $1,462,000 after buying an additional 172 shares during the period. Smith Salley Wealth Management increased its position in Lowe’s Companies by 1.5% during the 4th quarter. Smith Salley Wealth Management now owns 124,897 shares of the home improvement retailer’s stock valued at $30,825,000 after purchasing an additional 1,883 shares during the period. HB Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 2.1% in the 4th quarter. HB Wealth Management LLC now owns 53,100 shares of the home improvement retailer’s stock valued at $13,105,000 after purchasing an additional 1,107 shares in the last quarter. Financial & Tax Architects LLC lifted its position in shares of Lowe’s Companies by 1.9% in the 4th quarter. Financial & Tax Architects LLC now owns 26,765 shares of the home improvement retailer’s stock worth $6,606,000 after purchasing an additional 491 shares during the period. Finally, Trust Co. of Vermont boosted its stake in shares of Lowe’s Companies by 2.9% during the fourth quarter. Trust Co. of Vermont now owns 98,239 shares of the home improvement retailer’s stock valued at $24,245,000 after purchasing an additional 2,795 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, 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 SEC, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LOW shares. Melius Research initiated coverage on shares of Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective for the company. Stifel Nicolaus upped their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Evercore ISI lifted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $261.39 on Friday. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The stock has a market cap of $147.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The firm has a fifty day moving average price of $260.10 and a 200 day moving average price of $254.31.

Lowe’s Companies Dividend Announcement

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

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.