Lowe's Companies, Inc. (NYSE:LOW) Position Trimmed by Colonial Trust Advisors

Colonial Trust Advisors trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 85.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,259 shares of the home improvement retailer's stock after selling 7,311 shares during the period. Colonial Trust Advisors' holdings in Lowe's Companies were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. IFS Advisors LLC purchased a new position in Lowe's Companies during the 4th quarter worth $25,000. Winch Advisory Services LLC boosted its stake in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC purchased a new position in shares of Lowe's Companies during the fourth quarter worth about $31,000. Caisse Des Depots ET Consignations acquired a new position in Lowe's Companies in the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $44,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on LOW shares. Truist Financial dropped their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Bank of America reduced 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $278.74.

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Lowe's Companies Stock Performance

Lowe's Companies stock traded down $2.25 during trading on Tuesday, reaching $221.89. 731,589 shares of the company's stock were exchanged, compared to its average volume of 2,458,206. The company's 50-day moving average is $235.57 and its two-hundred day moving average is $253.99. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The firm has a market cap of $124.19 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.07%. Lowe's Companies's dividend payout ratio is presently 37.67%.

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.