1,420 Shares in Lowe's Companies, Inc. (NYSE:LOW) Acquired by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC bought a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,420 shares of the home improvement retailer's stock, valued at approximately $350,000.

Several other hedge funds also recently added to or reduced their stakes in LOW. StoneX Group Inc. acquired a new stake in Lowe's Companies during the third quarter worth about $2,713,000. Principal Financial Group Inc. grew its stake in shares of Lowe's Companies by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after purchasing an additional 24,812 shares during the period. Miracle Mile Advisors LLC increased its holdings in shares of Lowe's Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after purchasing an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Lowe's Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after purchasing an additional 4,435 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Lowe's Companies by 308.0% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 28,315 shares of the home improvement retailer's stock worth $6,988,000 after buying an additional 21,375 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. Barclays increased their price target on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Bank of America boosted their price objective on Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a research report on Friday, October 11th. DA Davidson lifted their price target on shares of Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price objective on shares of Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $280.85.

Lowe's Companies Price Performance

Shares of NYSE LOW traded up $2.61 during mid-day trading on Monday, hitting $261.39. The company 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 firm's 50 day simple moving average is $260.10 and its two-hundred day simple moving average is $254.89. The stock has a market cap of $147.59 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend 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%.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.

About Lowe's Companies

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.