Empower Advisory Group LLC Sells 17,302 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Empower Advisory Group LLC trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,085 shares of the home improvement retailer's stock after selling 17,302 shares during the quarter. Empower Advisory Group LLC's holdings in Lowe's Companies were worth $29,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in LOW. Legacy Investment Solutions LLC acquired a new position in Lowe's Companies in the 3rd quarter valued at approximately $27,000. IFS Advisors LLC purchased a new position in shares of Lowe's Companies during the 4th quarter valued at $25,000. JNBA Financial Advisors increased its stake in shares of Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Winch Advisory Services LLC raised its holdings in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Finally, MFA Wealth Advisors LLC boosted its position 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 valued at $35,000 after purchasing an additional 70 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 3.0 %

Lowe's Companies stock traded down $7.49 during mid-day trading on Friday, reaching $238.93. The company had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. The firm has a market cap of $134.91 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11. The company has a 50 day moving average of $253.31 and a 200-day moving average of $258.58. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Analyst Upgrades and Downgrades

LOW has been the topic of several research reports. Barclays upped their target price on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price objective on Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of Lowe's Companies from $291.00 to $292.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Truist Financial increased their price target on shares of Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Evercore ISI lifted their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and an average price target of $282.96.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the company'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 completion of the transaction, the executive vice president now owns 16,703 shares of the company's stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Lowe's Companies 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.