JBGlobal.com LLC Invests $795,000 in Lowe's Companies, Inc. (NYSE:LOW)

JBGlobal.com LLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,221 shares of the home improvement retailer's stock, valued at approximately $795,000. Lowe's Companies makes up about 0.8% of JBGlobal.com LLC's holdings, making the stock its 12th largest holding.

A number of other institutional investors also recently made changes to their positions in LOW. FMR LLC increased its stake in shares of Lowe's Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the period. State Street Corp raised its stake in Lowe's Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock valued at $6,774,948,000 after buying an additional 460,851 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lowe's Companies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock worth $3,169,041,000 after purchasing an additional 187,473 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Lowe's Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock valued at $1,147,603,000 after buying an additional 82,978 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Lowe's Companies by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock valued at $912,508,000 after purchasing an additional 39,953 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LOW. Mizuho lifted their price target on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. DA Davidson upped their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. TD Cowen lifted their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, Barclays boosted their target price on 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 analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $280.85.

Lowe's Companies Trading Down 1.3 %

Shares of Lowe's Companies stock traded down $3.46 on Wednesday, hitting $259.74. 446,147 shares of the company traded hands, compared to its average volume of 2,259,879. Lowe's Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The company has a market cap of $146.66 billion, a PE ratio of 21.66, a PEG ratio of 2.19 and a beta of 1.11. The stock's 50 day moving average price is $259.72 and its 200-day moving average price is $255.58.

Lowe's Companies Dividend Announcement

The company also recently declared 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. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Wednesday, January 22nd. Lowe's Companies's payout ratio is 38.37%.

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.