Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,234 shares of the home improvement retailer's stock after selling 1,999 shares during the period. IHT Wealth Management LLC's holdings in Lowe's Companies were worth $2,526,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LOW. FMR LLC boosted its stake in Lowe's Companies by 1.0% during the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock valued at $6,483,558,000 after buying an additional 259,766 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lowe's Companies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock valued at $2,952,341,000 after acquiring an additional 245,876 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe's Companies in the fourth quarter valued at $1,842,954,000. Bank of New York Mellon Corp increased its position in Lowe's Companies by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock worth $1,033,283,000 after purchasing an additional 385,994 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Lowe's Companies by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock valued at $853,697,000 after purchasing an additional 90,012 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

LOW has been the subject of a number of recent research reports. Bank of America dropped their price objective on shares of 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. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Mizuho cut their price objective 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. Finally, Royal Bank of Canada lowered their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $278.74.

Lowe's Companies Trading Up 2.1 %

Shares of LOW traded up $4.55 during trading hours on Thursday, hitting $222.31. The company had a trading volume of 2,242,740 shares, compared to its average volume of 2,477,662. The company has a market capitalization of $124.43 billion, a PE ratio of 18.54, a price-to-earnings-growth 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 company's fifty day moving average price is $229.89 and its two-hundred day moving average price is $251.33.

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

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.07%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

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.