Gateway Investment Advisers LLC Sells 1,005 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Gateway Investment Advisers LLC decreased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,072 shares of the home improvement retailer's stock after selling 1,005 shares during the period. Gateway Investment Advisers LLC's holdings in Lowe's Companies were worth $50,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFS Advisors LLC bought a new stake in Lowe's Companies during the fourth quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies during the 3rd quarter worth about $27,000. Winch Advisory Services LLC increased its stake in shares of Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 44 shares during the last quarter. JNBA Financial Advisors raised its holdings 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 valued at $32,000 after purchasing an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC lifted its stake in Lowe's Companies by 118.6% in the 3rd 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. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded up $1.98 during midday trading on Thursday, hitting $258.70. 1,882,298 shares of the company traded hands, compared to its average volume of 2,341,760. The stock has a market cap of $146.07 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.08 and a beta of 1.11. The firm's fifty day moving average price is $260.44 and its 200-day moving average price is $253.95. Lowe's Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.78%. Lowe's Companies's dividend payout ratio (DPR) is presently 38.37%.

Insider Transactions at Lowe's Companies

In other 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Guggenheim reissued a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. TD Cowen increased their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Oppenheimer upgraded shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Finally, Truist Financial decreased their price target on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.