Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by Mariner LLC

Mariner LLC raised its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 488,508 shares of the home improvement retailer's stock after purchasing an additional 9,445 shares during the quarter. Mariner LLC owned 0.09% of Lowe's Companies worth $120,564,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after buying an additional 24,812 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of Lowe's Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after acquiring an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after acquiring an additional 4,435 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after acquiring an additional 501 shares during the period. Finally, World Investment Advisors raised its holdings in Lowe's Companies by 11.0% during the fourth quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock worth $6,498,000 after purchasing an additional 2,615 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

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Lowe's Companies Stock Down 1.6 %

Shares of LOW traded down $3.68 during mid-day trading on Tuesday, hitting $220.46. The company had a trading volume of 2,804,710 shares, compared to its average volume of 2,468,318. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The business's 50-day simple moving average is $235.57 and its 200-day simple moving average is $253.99. The stock has a market cap of $123.40 billion, a PE ratio of 18.39, a P/E/G ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 8.19% and a negative return on equity of 47.55%. On average, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.09%. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Wall Street Analyst Weigh In

LOW has been the topic of several recent analyst reports. Bank of America dropped their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Mizuho cut their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada reduced their target price on 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research note on Tuesday. Finally, StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $278.74.

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.