Mather Group LLC. Sells 4,888 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Mather Group LLC. cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,098 shares of the home improvement retailer's stock after selling 4,888 shares during the quarter. Mather Group LLC.'s holdings in Lowe's Companies were worth $15,820,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Welch Group LLC bought a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $239,000. Commonwealth Financial Services LLC boosted its position in Lowe's Companies by 20.9% in the fourth quarter. Commonwealth Financial Services LLC now owns 2,408 shares of the home improvement retailer's stock worth $594,000 after purchasing an additional 416 shares during the last quarter. Rockline Wealth Management LLC lifted its position in shares of Lowe's Companies by 4.7% during the 4th quarter. Rockline Wealth Management LLC now owns 15,156 shares of the home improvement retailer's stock valued at $3,740,000 after buying an additional 679 shares during the last quarter. Flavin Financial Services Inc. purchased a new position in shares of Lowe's Companies during the 4th quarter valued at $492,000. Finally, Calamos Wealth Management LLC lifted its position in shares of Lowe's Companies by 2.3% during the 4th quarter. Calamos Wealth Management LLC now owns 4,911 shares of the home improvement retailer's stock valued at $1,212,000 after buying an additional 109 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. TD Cowen upped their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Loop Capital upgraded Lowe's Companies from a "hold" rating to a "buy" rating and increased their target price for the company from $250.00 to $300.00 in a report on Wednesday, October 9th. Royal Bank of Canada increased their price objective on Lowe's Companies from $291.00 to $292.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. Finally, Wells Fargo & Company increased their target price on Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $280.85.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded up $1.75 on Wednesday, reaching $258.98. The company's stock had a trading volume of 573,789 shares, compared to its average volume of 2,137,062. The stock's 50-day moving average is $258.29 and its two-hundred day moving average is $257.71. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock has a market capitalization of $146.23 billion, a P/E ratio of 21.58, a PEG ratio of 2.18 and a beta of 1.11.

Lowe's Companies Dividend Announcement

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

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.