Hantz Financial Services Inc. Cuts Position in Lowe's Companies, Inc. (NYSE:LOW)

Hantz Financial Services Inc. cut its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,993 shares of the home improvement retailer's stock after selling 6,659 shares during the period. Hantz Financial Services Inc.'s holdings in Lowe's Companies were worth $6,168,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LOW. Crew Capital Management Ltd. lifted its holdings in shares of Lowe's Companies by 1.0% in the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock worth $1,049,000 after acquiring an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC lifted its stake in Lowe's Companies by 2.8% in the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock worth $372,000 after purchasing an additional 37 shares during the last quarter. Clean Yield Group boosted its position in shares of Lowe's Companies by 2.4% during the third quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock valued at $433,000 after buying an additional 38 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Lowe's Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock valued at $2,021,000 after buying an additional 40 shares during the last quarter. Finally, Chapin Davis Inc. lifted its stake in shares of Lowe's Companies by 1.3% during the 3rd quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer's stock worth $835,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 16,703 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Loop Capital raised shares of Lowe's Companies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Stifel Nicolaus lifted their price objective on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Finally, Bank of America boosted their price target on Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a report on Friday, October 11th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $280.85.

Lowe's Companies Stock Performance

NYSE LOW traded up $3.63 during trading on Thursday, reaching $265.36. 375,097 shares of the company's stock were exchanged, compared to its average volume of 2,198,048. The stock has a market cap of $149.84 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company has a 50 day moving average price of $259.13 and a two-hundred day moving average price of $257.00.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. 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 1.73%. Lowe's Companies's dividend payout ratio (DPR) is presently 38.37%.

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.