Congress Wealth Management LLC DE Sells 28,336 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Congress Wealth Management LLC DE decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,075 shares of the home improvement retailer's stock after selling 28,336 shares during the period. Congress Wealth Management LLC DE's holdings in Lowe's Companies were worth $11,372,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LOW. Klingenstein Fields & Co. LP boosted its stake in Lowe's Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares during the period. Saxony Capital Management LLC boosted its position in shares of Lowe's Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after acquiring an additional 40 shares during the period. Powers Advisory Group LLC grew its stake in shares of Lowe's Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after acquiring an additional 40 shares during the last quarter. Cordatus Wealth Management LLC boosted its holdings in Lowe's Companies by 0.3% in the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after purchasing an additional 41 shares during the period. Finally, O Brien Greene & Co. Inc raised its stake in shares of Lowe's Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after purchasing an additional 42 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

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Lowe's Companies Price Performance

Shares of NYSE LOW traded down $2.28 during midday trading on Tuesday, hitting $230.61. The stock had a trading volume of 2,476,794 shares, compared to its average volume of 2,280,569. The company's 50-day simple moving average is $247.67 and its 200 day simple moving average is $257.80. The firm has a market cap of $130.21 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

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

Lowe's Companies Dividend Announcement

The business also recently disclosed 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 of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. Lowe's Companies's dividend payout ratio is presently 37.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wedbush reiterated a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. Bank of America decreased their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Evercore ISI increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price objective on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein upped their price objective on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently 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.