Lowe's Companies, Inc. (NYSE:LOW) Position Trimmed by City Holding Co.

City Holding Co. lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,224 shares of the home improvement retailer's stock after selling 1,907 shares during the quarter. Lowe's Companies makes up 1.7% of City Holding Co.'s holdings, making the stock its 9th largest holding. City Holding Co.'s holdings in Lowe's Companies were worth $12,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC increased its position in shares of Lowe's Companies by 1.7% during the second quarter. Intech Investment Management LLC now owns 17,829 shares of the home improvement retailer's stock worth $3,931,000 after acquiring an additional 298 shares during the period. AE Wealth Management LLC raised its position in Lowe's Companies by 52.7% during the 2nd quarter. AE Wealth Management LLC now owns 18,268 shares of the home improvement retailer's stock valued at $4,027,000 after purchasing an additional 6,305 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Lowe's Companies by 1.2% in the 2nd quarter. Pacer Advisors Inc. now owns 41,091 shares of the home improvement retailer's stock worth $9,059,000 after buying an additional 488 shares during the period. Sei Investments Co. grew its position in shares of Lowe's Companies by 2.0% during the 2nd quarter. Sei Investments Co. now owns 480,491 shares of the home improvement retailer's stock worth $105,927,000 after buying an additional 9,228 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its stake in shares of Lowe's Companies by 38.5% during the second quarter. Summit Trail Advisors LLC now owns 10,171 shares of the home improvement retailer's stock valued at $2,242,000 after buying an additional 2,827 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

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 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 sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent research reports. Stifel Nicolaus increased their target price on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday. Melius Research started coverage on Lowe's Companies in a report on Monday, September 23rd. They issued a "buy" rating and a $290.00 price target on the stock. Finally, Mizuho upped their price objective on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $280.85.

Lowe's Companies Stock Performance

Lowe's Companies stock traded up $2.61 during midday trading on Monday, hitting $261.39. 2,758,504 shares of the company were exchanged, compared to its average volume of 1,989,226. Lowe's Companies, Inc. has a fifty-two week low of $209.55 and a fifty-two week high of $287.01. The firm has a market capitalization of $147.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. The business has a fifty day simple moving average of $260.10 and a two-hundred day simple moving average of $254.89.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio (DPR) is 38.37%.

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.