Fagan Associates Inc. Sells 1,155 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Fagan Associates Inc. trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,157 shares of the home improvement retailer's stock after selling 1,155 shares during the quarter. Lowe's Companies makes up approximately 3.1% of Fagan Associates Inc.'s holdings, making the stock its 6th largest position. Fagan Associates Inc.'s holdings in Lowe's Companies were worth $19,783,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. IFS Advisors LLC bought a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe's Companies in the third quarter worth $27,000. Winch Advisory Services LLC grew its stake in shares of Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 44 shares in the last quarter. JNBA Financial Advisors grew its stake in shares of Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC grew its stake in shares of Lowe's Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after purchasing an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LOW shares. Stifel Nicolaus increased their price target on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. DA Davidson increased their price target on Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Wells Fargo & Company upped their price objective on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, Evercore ISI upped their price objective on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.

Lowe's Companies Stock Down 3.0 %

Shares of NYSE LOW traded down $7.49 during mid-day trading on Friday, hitting $238.93. 3,112,773 shares of the company traded hands, compared to its average volume of 2,154,019. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market capitalization of $134.91 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11. The business has a 50 day moving average of $253.77 and a two-hundred day moving average of $258.57.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated 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 completion of 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 represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.26% of the company's stock.

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.