Benjamin Edwards Inc. Has $18.31 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Benjamin Edwards Inc. boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2,869.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,580 shares of the home improvement retailer's stock after acquiring an additional 65,304 shares during the quarter. Benjamin Edwards Inc.'s holdings in Lowe's Companies were worth $18,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC grew 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 valued at $7,045,006,000 after purchasing an additional 2,399,897 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Lowe's Companies by 1.6% during the 2nd 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 period. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 acquiring an additional 39,953 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of Lowe's Companies by 1.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer's stock worth $634,700,000 after acquiring an additional 36,054 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Lowe's Companies by 1,889.7% during the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock worth $578,256,000 after acquiring an additional 2,027,668 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $0.38 during trading hours on Monday, hitting $272.05. The company had a trading volume of 2,202,653 shares, compared to its average volume of 2,447,038. The firm has a market capitalization of $154.33 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.28 and a beta of 1.10. Lowe's Companies, Inc. has a 12 month low of $203.72 and a 12 month high of $287.01. The firm's fifty day moving average is $270.29 and its 200 day moving average is $246.30.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,697 shares of company stock valued at $5,214,586. 0.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent research reports. Mizuho boosted their target price on Lowe's Companies from $280.00 to $282.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. UBS Group increased their price objective on Lowe's Companies from $270.00 to $290.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Stifel Nicolaus lifted their target price on shares of Lowe's Companies from $250.00 to $260.00 and gave the company a "hold" rating in a research note on Monday, November 11th. DA Davidson increased their price target on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada lifted their price objective on shares of Lowe's Companies from $290.00 to $291.00 and gave the company a "sector perform" rating in a research note 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $277.92.

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.