HB Wealth Management LLC Has $13.11 Million Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

HB Wealth Management LLC raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,100 shares of the home improvement retailer's stock after acquiring an additional 1,107 shares during the period. HB Wealth Management LLC's holdings in Lowe's Companies were worth $13,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Financial & Tax Architects LLC lifted its position in Lowe's Companies by 1.9% in the 4th quarter. Financial & Tax Architects LLC now owns 26,765 shares of the home improvement retailer's stock valued at $6,606,000 after acquiring an additional 491 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of Lowe's Companies by 2.9% in the fourth quarter. Trust Co. of Vermont now owns 98,239 shares of the home improvement retailer's stock valued at $24,245,000 after purchasing an additional 2,795 shares in the last quarter. Premier Path Wealth Partners LLC boosted its position in shares of Lowe's Companies by 7.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 6,122 shares of the home improvement retailer's stock worth $1,511,000 after buying an additional 408 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of Lowe's Companies by 17.0% during the fourth quarter. Arkadios Wealth Advisors now owns 8,821 shares of the home improvement retailer's stock worth $2,177,000 after buying an additional 1,279 shares in the last quarter. Finally, Atwater Malick LLC raised its position in Lowe's Companies by 0.6% in the 4th quarter. Atwater Malick LLC now owns 30,486 shares of the home improvement retailer's stock valued at $7,524,000 after buying an additional 178 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Stock Up 1.0 %

NYSE LOW traded up $2.61 on Friday, hitting $261.39. The company's stock had a trading volume of 2,758,504 shares, compared to its average volume of 1,989,226. The firm has a market cap of $147.59 billion, a PE ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. The company's 50-day moving average is $260.10 and its 200 day moving average is $254.60. Lowe's Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01.

Lowe's Companies Dividend Announcement

The business 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 payout ratio is presently 38.37%.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LOW. Royal Bank of Canada lifted their price objective on shares of Lowe's Companies from $291.00 to $292.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Barclays raised their price objective on Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Mizuho upped their target price on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Finally, Oppenheimer upgraded 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. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.