Jackson Hill Advisors LLC Sells 6,500 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Jackson Hill Advisors LLC reduced its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,000 shares of the home improvement retailer's stock after selling 6,500 shares during the quarter. Lowe's Companies comprises approximately 6.7% of Jackson Hill Advisors LLC's portfolio, making the stock its 9th largest holding. Jackson Hill Advisors LLC's holdings in Lowe's Companies were worth $13,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of LOW. FMR LLC lifted its holdings in shares of Lowe's Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Lowe's Companies during the fourth quarter worth approximately $314,435,000. Strategic Financial Concepts LLC lifted its stake in Lowe's Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock valued at $303,096,000 after buying an additional 1,223,116 shares during the last quarter. Amundi boosted its holdings in shares of Lowe's Companies by 60.1% in the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock valued at $642,730,000 after acquiring an additional 976,823 shares during the period. Finally, Proficio Capital Partners LLC grew its position in shares of Lowe's Companies by 42,529.8% during the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock worth $208,843,000 after acquiring an additional 844,217 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently commented on LOW. Royal Bank of Canada reduced their price target on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Mizuho decreased their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Evercore ISI upped their price target 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. Finally, Guggenheim reiterated a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $279.71.

Lowe's Companies Stock Performance

Lowe's Companies stock traded down $2.28 during trading on Tuesday, reaching $230.61. The company had a trading volume of 2,339,254 shares, compared to its average volume of 2,279,546. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The stock's 50 day moving average price is $247.67 and its two-hundred day moving average price is $257.80. The firm has a market capitalization of $130.21 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 1.99%. Lowe's Companies's dividend payout ratio is presently 37.67%.

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.