Great Lakes Retirement Inc. Has $1.95 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Great Lakes Retirement Inc. cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,885 shares of the home improvement retailer’s stock after selling 109 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Lowe’s Companies were worth $1,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Gladstone Institutional Advisory LLC grew its holdings in shares of Lowe’s Companies by 16.5% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,779 shares of the home improvement retailer’s stock valued at $1,179,000 after buying an additional 676 shares during the last quarter. Community Financial Services Group LLC boosted its position in Lowe’s Companies by 5.3% in the fourth quarter. Community Financial Services Group LLC now owns 19,025 shares of the home improvement retailer’s stock worth $4,695,000 after purchasing an additional 950 shares during the last quarter. Schear Investment Advisers LLC increased its position in shares of Lowe’s Companies by 15.0% during the 4th quarter. Schear Investment Advisers LLC now owns 1,248 shares of the home improvement retailer’s stock valued at $308,000 after purchasing an additional 163 shares during the last quarter. Leavell Investment Management Inc. raised its stake in shares of Lowe’s Companies by 1.4% during the 4th quarter. Leavell Investment Management Inc. now owns 19,870 shares of the home improvement retailer’s stock worth $4,904,000 after purchasing an additional 265 shares during the period. Finally, Augustine Asset Management Inc. boosted its holdings in shares of Lowe’s Companies by 76.3% in the 4th quarter. Augustine Asset Management Inc. now owns 6,870 shares of the home improvement retailer’s stock worth $1,696,000 after buying an additional 2,974 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $257.09 on Wednesday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market capitalization of $145.17 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.04 and a beta of 1.11. The company’s 50-day moving average is $256.93 and its 200 day moving average is $258.26.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were 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 owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on LOW shares. Sanford C. Bernstein lifted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. TD Cowen raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Mizuho upped their price target on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $280.88.

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.