Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,052 shares of the home improvement retailer's stock after selling 1,016 shares during the period. Lowe's Companies makes up about 1.2% of Highland Capital Management LLC's investment portfolio, making the stock its 15th largest position. Highland Capital Management LLC's holdings in Lowe's Companies were worth $20,251,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LOW. Legacy Investment Solutions LLC acquired a new position in Lowe's Companies in the 3rd quarter worth approximately $27,000. IFS Advisors LLC purchased a new position in Lowe's Companies during the 4th quarter valued at about $25,000. JNBA Financial Advisors increased its holdings in shares of Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 100 shares during the period. Winch Advisory Services LLC lifted its position 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. Finally, MFA Wealth Advisors LLC boosted its holdings in shares of Lowe's Companies by 118.6% during 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 during the period. Institutional investors own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Lowe's Companies Stock Performance

LOW stock traded up $2.20 during mid-day trading on Thursday, hitting $263.93. The company had a trading volume of 769,679 shares, compared to its average volume of 2,217,803. The firm has a market cap of $149.03 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock's fifty day moving average price is $259.13 and its two-hundred day moving average price is $257.00.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.74%. Lowe's Companies's dividend payout ratio is currently 38.37%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LOW. Loop Capital upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating and lifted their target price for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. TD Cowen lifted their price target on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Evercore ISI increased their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research note on Thursday, December 12th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Barclays increased their price objective on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies presently has an average 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.