Dixon Mitchell Investment Counsel Inc. Sells 3,608 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Dixon Mitchell Investment Counsel Inc. lowered its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 249,428 shares of the home improvement retailer's stock after selling 3,608 shares during the quarter. Lowe's Companies makes up about 2.8% of Dixon Mitchell Investment Counsel Inc.'s investment portfolio, making the stock its 12th largest holding. Dixon Mitchell Investment Counsel Inc.'s holdings in Lowe's Companies were worth $61,559,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Virtu Financial LLC boosted its position in Lowe's Companies by 3.1% during the 2nd quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer's stock valued at $727,000 after acquiring an additional 99 shares in the last quarter. Perennial Investment Advisors LLC grew its stake in Lowe's Companies by 3.0% in the second quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer's stock worth $491,000 after purchasing an additional 64 shares during the period. Axxcess Wealth Management LLC raised its holdings in Lowe's Companies by 27.2% in the second quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer's stock worth $3,627,000 after purchasing an additional 3,521 shares in the last quarter. Financial & Tax Architects LLC lifted its position in Lowe's Companies by 5.4% during the second quarter. Financial & Tax Architects LLC now owns 26,973 shares of the home improvement retailer's stock valued at $5,946,000 after buying an additional 1,392 shares during the period. Finally, Meridian Wealth Partners LLC lifted its position in Lowe's Companies by 2.7% during the second quarter. Meridian Wealth Partners LLC now owns 1,887 shares of the home improvement retailer's stock valued at $416,000 after buying an additional 49 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Transactions at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies 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 transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.26% of the company's stock.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded up $1.98 during midday trading on Thursday, hitting $258.70. 1,882,298 shares of the company's stock traded hands, compared to its average volume of 2,341,760. The firm has a fifty day moving average of $260.44 and a 200 day moving average of $253.95. Lowe's Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The stock has a market capitalization of $146.07 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.78%. Lowe's Companies's payout ratio is presently 38.37%.

Analyst Ratings Changes

Several research analysts recently issued reports on LOW shares. Truist Financial decreased their price target on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Melius Research started coverage on shares of Lowe's Companies in a research note on Monday, September 23rd. They set a "buy" rating and a $290.00 target price for the company. Stifel Nicolaus boosted their price target on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. TD Cowen upped their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Bank of America boosted their target price on Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $280.85.

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.