Integrated Wealth Concepts LLC Purchases 1,549 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Integrated Wealth Concepts LLC boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,759 shares of the home improvement retailer's stock after purchasing an additional 1,549 shares during the period. Integrated Wealth Concepts LLC's holdings in Lowe's Companies were worth $4,630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invst LLC bought a new stake in shares of Lowe's Companies in the 3rd quarter valued at approximately $255,000. Virtu Financial LLC grew its position in Lowe's Companies by 66.1% in the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock worth $1,483,000 after acquiring an additional 2,178 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of Lowe's Companies during the 3rd quarter worth $1,877,000. Anchor Investment Management LLC raised its holdings in shares of Lowe's Companies by 2.6% during the 3rd quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock valued at $12,334,000 after purchasing an additional 1,161 shares in the last quarter. Finally, World Investment Advisors LLC raised its holdings in shares of Lowe's Companies by 7.6% during the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock valued at $6,423,000 after purchasing an additional 1,670 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

LOW traded up $0.22 during midday trading on Monday, reaching $221.13. 2,046,652 shares of the company were exchanged, compared to its average volume of 2,475,831. The stock has a market capitalization of $123.77 billion, a P/E ratio of 18.44, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The stock's 50-day simple moving average is $228.78 and its 200 day simple moving average is $250.25.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.08%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LOW. Mizuho lowered their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Bank of America decreased their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Piper Sandler reduced their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, DA Davidson reissued a "neutral" rating and issued a $270.00 price target on shares of Lowe's Companies in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $278.21.

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.