Campbell Newman Asset Management Inc. Trims Position in Lowe's Companies, Inc. (NYSE:LOW)

Campbell Newman Asset Management Inc. cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,144 shares of the home improvement retailer's stock after selling 11,171 shares during the quarter. Lowe's Companies makes up 2.9% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 11th largest holding. Campbell Newman Asset Management Inc.'s holdings in Lowe's Companies were worth $36,068,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LOW. Legacy Investment Solutions LLC purchased a new stake in Lowe's Companies in the third quarter worth $27,000. JNBA Financial Advisors raised its stake in Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after acquiring an additional 100 shares during the period. MFA Wealth Advisors LLC lifted its holdings in Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after purchasing an additional 70 shares during the last quarter. Kimelman & Baird LLC bought a new position in Lowe's Companies during the second quarter worth about $37,000. Finally, Tsfg LLC increased its stake in shares of Lowe's Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock worth $48,000 after purchasing an additional 100 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Price Performance

Lowe's Companies stock traded up $5.54 during mid-day trading on Wednesday, hitting $256.73. The company's stock had a trading volume of 2,878,912 shares, compared to its average volume of 2,372,273. The business has a 50 day moving average price of $260.54 and a 200-day moving average price of $253.93. Lowe's Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01. The stock has a market cap of $144.96 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.79%. Lowe's Companies's payout ratio is 38.37%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and upped their price target for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Barclays upped their price target on Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price target on shares of Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. 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 research note on Thursday, December 12th. Finally, TD Cowen increased their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $280.85.

Insider Buying and Selling

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were 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 of the company's stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

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.