First Pacific Financial Buys 1,000 Shares of Lowe's Companies, Inc. (NYSE:LOW)

First Pacific Financial boosted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 952.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,105 shares of the home improvement retailer's stock after acquiring an additional 1,000 shares during the period. First Pacific Financial's holdings in Lowe's Companies were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LOW. IFS Advisors LLC purchased a new stake in Lowe's Companies in the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe's Companies during the 3rd quarter valued at $27,000. Winch Advisory Services LLC grew its position in shares of Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the period. JNBA Financial Advisors increased its stake in shares of Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC boosted its stake in 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 acquiring an additional 70 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Up 1.0 %

NYSE:LOW traded up $2.61 during mid-day trading on Friday, hitting $261.39. 2,758,504 shares of the company traded hands, compared to its average volume of 1,989,226. The stock's fifty day moving average price is $260.29 and its 200-day moving average price is $253.98. The firm has a market cap of $147.59 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.11. Lowe's Companies, Inc. has a one year low of $209.55 and a one year high of $287.01.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio is 38.37%.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated 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 $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on LOW. Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Sanford C. Bernstein lifted their price objective on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Truist Financial decreased their target price on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Finally, Wedbush reissued a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $280.85.

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.