AMI Investment Management Inc. Decreases Position in Lowe's Companies, Inc. (NYSE:LOW)

AMI Investment Management Inc. cut its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,735 shares of the home improvement retailer's stock after selling 2,983 shares during the quarter. Lowe's Companies makes up approximately 1.7% of AMI Investment Management Inc.'s investment portfolio, making the stock its 16th largest holding. AMI Investment Management Inc.'s holdings in Lowe's Companies were worth $5,364,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its position in shares of Lowe's Companies by 1.3% in the 4th quarter. UMB Bank n.a. now owns 16,017 shares of the home improvement retailer's stock worth $3,953,000 after purchasing an additional 199 shares in the last quarter. Strong Tower Advisory Services increased its holdings in shares of Lowe's Companies by 4.2% during the fourth quarter. Strong Tower Advisory Services now owns 9,618 shares of the home improvement retailer's stock valued at $2,374,000 after acquiring an additional 387 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new stake in Lowe's Companies in the 4th quarter worth approximately $436,000. Diversify Wealth Management LLC grew its position in Lowe's Companies by 3.0% during the 4th quarter. Diversify Wealth Management LLC now owns 10,033 shares of the home improvement retailer's stock worth $2,487,000 after purchasing an additional 295 shares during the last quarter. Finally, LVW Advisors LLC raised its holdings in shares of Lowe's Companies by 16.2% in the fourth quarter. LVW Advisors LLC now owns 4,145 shares of the home improvement retailer's stock worth $1,023,000 after buying an additional 578 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price 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. Melius Research initiated coverage on Lowe's Companies in a research report on Monday, September 23rd. They issued a "buy" rating and a $290.00 target price on the stock. TD Cowen upped their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Oppenheimer raised shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Finally, Truist Financial cut their price target on Lowe's Companies from $310.00 to $307.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $280.85.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the 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 completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded up $2.61 during midday trading on Monday, hitting $261.39. The company's stock had a trading volume of 2,758,504 shares, compared to its average volume of 1,989,226. Lowe's Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01. The company has a market cap of $147.59 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The business's 50 day simple moving average is $260.10 and its 200 day simple moving average is $254.89.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given 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 dividend payout ratio (DPR) is presently 38.37%.

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.