Fi3 FINANCIAL ADVISORS LLC Sells 194 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Fi3 FINANCIAL ADVISORS LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,108 shares of the home improvement retailer’s stock after selling 194 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Lowe’s Companies were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LOW. United Bank increased its holdings in shares of Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after purchasing an additional 137 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Lowe’s Companies by 23.7% in the 3rd quarter. Jennison Associates LLC now owns 193,672 shares of the home improvement retailer’s stock worth $52,456,000 after purchasing an additional 37,162 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Lowe’s Companies by 6.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 20,757 shares of the home improvement retailer’s stock worth $5,622,000 after purchasing an additional 1,219 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Lowe’s Companies by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 241,546 shares of the home improvement retailer’s stock worth $65,422,000 after purchasing an additional 2,324 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Lowe’s Companies by 3.9% in the 3rd quarter. LPL Financial LLC now owns 813,617 shares of the home improvement retailer’s stock worth $220,368,000 after purchasing an additional 30,740 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.4 %

Shares of Lowe’s Companies stock opened at $227.09 on Friday. The stock’s 50-day simple moving average is $247.99 and its 200-day simple moving average is $257.70. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a market capitalization of $128.23 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.03%. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada reduced their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, February 26th. Finally, Mizuho cut their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.83.

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.