iA Global Asset Management Inc. Has $4.04 Million Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

iA Global Asset Management Inc. lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 87.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,912 shares of the home improvement retailer's stock after selling 100,733 shares during the quarter. iA Global Asset Management Inc.'s holdings in Lowe's Companies were worth $4,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Stephens Consulting LLC increased its holdings in shares of Lowe's Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 70 shares in the last quarter. JNBA Financial Advisors raised its position in shares of Lowe's Companies by 555.6% during 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 during the period. MFA Wealth Advisors LLC raised its position 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. Kimelman & Baird LLC acquired a new stake in shares of Lowe's Companies during the second quarter worth about $37,000. Finally, Tsfg LLC raised its position in shares of Lowe's Companies by 128.2% during the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer's stock worth $48,000 after purchasing an additional 100 shares during the period. Institutional investors own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the company's 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 sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares in the company, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,697 shares of company stock worth $5,214,586. Insiders own 0.26% of the company's stock.

Lowe's Companies Trading Up 1.2 %

LOW traded up $3.36 on Friday, reaching $273.43. The stock had a trading volume of 1,745,737 shares, compared to its average volume of 2,297,856. Lowe's Companies, Inc. has a fifty-two week low of $205.84 and a fifty-two week high of $287.01. The firm has a 50-day moving average of $271.01 and a 200-day moving average of $247.87. The company has a market capitalization of $154.39 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.28 and a beta of 1.09.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Tuesday, November 19th. TD Cowen lifted their target price on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Barclays lifted their target price on Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their target price on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, DA Davidson lifted their target price on Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $277.92.

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.