Angeles Wealth Management LLC Has $871,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Angeles Wealth Management LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,528 shares of the home improvement retailer’s stock after buying an additional 235 shares during the period. Angeles Wealth Management LLC’s holdings in Lowe’s Companies were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. AMF Tjanstepension AB raised its holdings in Lowe’s Companies by 14.4% in the 3rd 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 during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Lowe’s Companies by 333.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,894 shares of the home improvement retailer’s stock valued at $1,325,000 after purchasing an additional 3,764 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of Lowe’s Companies by 2.8% in the third quarter. Valeo Financial Advisors LLC now owns 9,522 shares of the home improvement retailer’s stock valued at $2,578,000 after purchasing an additional 256 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Lowe’s Companies by 30.5% during the third quarter. Ritholtz Wealth Management now owns 13,394 shares of the home improvement retailer’s stock worth $3,628,000 after purchasing an additional 3,134 shares during the period. Finally, Mechanics Bank Trust Department lifted its holdings in Lowe’s Companies by 8.0% during the 3rd quarter. Mechanics Bank Trust Department now owns 9,876 shares of the home improvement retailer’s stock worth $2,675,000 after purchasing an additional 731 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $252.17 on Monday. The company’s 50 day moving average price is $257.24 and its two-hundred day moving average price is $257.92. The firm has a market capitalization of $142.39 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.82%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insiders Place Their Bets

In other 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LOW shares. Stifel Nicolaus increased their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. TD Cowen raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Mizuho boosted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $280.85.

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.