CIBC Private Wealth Group LLC Has $42.62 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

CIBC Private Wealth Group LLC lessened its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,617 shares of the home improvement retailer's stock after selling 4,798 shares during the period. CIBC Private Wealth Group LLC's holdings in Lowe's Companies were worth $42,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. State Street Corp lifted its stake in Lowe's Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after purchasing an additional 460,851 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Lowe's Companies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock worth $3,169,041,000 after buying an additional 187,473 shares during the last quarter. Norges Bank acquired a new stake in Lowe's Companies in the fourth quarter valued at about $1,842,954,000. Bank of New York Mellon Corp grew its position in Lowe's Companies by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock valued at $1,033,283,000 after acquiring an additional 385,994 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Lowe's Companies by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock worth $853,697,000 after acquiring an additional 90,012 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

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Lowe's Companies Price Performance

Shares of Lowe's Companies stock traded up $0.49 during trading on Tuesday, reaching $233.72. 2,212,750 shares of the company traded hands, compared to its average volume of 2,421,822. The firm has a market capitalization of $130.82 billion, a PE ratio of 19.49, a P/E/G ratio of 1.96 and a beta of 1.12. The company has a 50 day moving average price of $244.40 and a 200-day moving average price of $257.09. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Equities research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LOW shares. Truist Financial decreased their price target on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Mizuho lowered their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Wedbush reissued a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. Bank of America lowered their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $279.71.

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.