Leibman Financial Services Inc. Sells 3,753 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Leibman Financial Services Inc. cut its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,958 shares of the home improvement retailer's stock after selling 3,753 shares during the quarter. Lowe's Companies accounts for about 2.2% of Leibman Financial Services Inc.'s portfolio, making the stock its 22nd biggest holding. Leibman Financial Services Inc.'s holdings in Lowe's Companies were worth $2,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in 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 worth $7,045,006,000 after purchasing an additional 2,399,897 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Lowe's Companies by 1,889.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock worth $578,256,000 after buying an additional 2,027,668 shares during the period. Applied Finance Capital Management LLC grew its stake in Lowe's Companies by 387.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock valued at $219,761,000 after buying an additional 645,017 shares during the last quarter. Marshall Wace LLP grew its stake in Lowe's Companies by 170.5% in the 2nd quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer's stock valued at $162,178,000 after buying an additional 463,645 shares during the last quarter. Finally, State Street Corp lifted its position 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 worth $6,774,948,000 after acquiring an additional 460,851 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Up 1.1 %

Shares of LOW traded up $2.64 during trading hours on Tuesday, reaching $251.30. 2,055,046 shares of the company's stock traded hands, compared to its average volume of 2,331,843. The firm's 50 day simple moving average is $260.90 and its 200-day simple moving average is $253.71. The stock has a market cap of $141.90 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Lowe's Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01.

Lowe's Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio (DPR) is presently 38.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LOW shares. Truist Financial reduced their target price on Lowe's Companies from $310.00 to $307.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Evercore ISI boosted 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. Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and raised their price target for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Wells Fargo & Company upped their price objective on shares of Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $280.85.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company's stock.

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.