MML Investors Services LLC Sells 4,744 Shares of Lowe's Companies, Inc. (NYSE:LOW)

MML Investors Services LLC reduced its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,383 shares of the home improvement retailer's stock after selling 4,744 shares during the quarter. MML Investors Services LLC's holdings in Lowe's Companies were worth $21,230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC grew its stake in shares of Lowe's Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after purchasing an additional 2,399,897 shares during the last quarter. State Street Corp grew its stake in shares of Lowe's Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after purchasing an additional 460,851 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Lowe's Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock worth $1,147,603,000 after purchasing an additional 82,978 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Lowe's Companies by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock worth $912,508,000 after purchasing an additional 39,953 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Lowe's Companies by 1.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer's stock worth $634,700,000 after purchasing an additional 36,054 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lowe's Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe's Companies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,697 shares of company stock worth $5,214,586 in the last three months. Insiders own 0.26% of the company's stock.

Lowe's Companies Price Performance

NYSE LOW traded down $4.02 during mid-day trading on Tuesday, reaching $270.13. The stock had a trading volume of 2,214,704 shares, compared to its average volume of 2,440,419. Lowe's Companies, Inc. has a 1 year low of $205.84 and a 1 year high of $287.01. The stock has a market cap of $152.53 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company has a fifty day moving average price of $271.07 and a 200 day moving average price of $248.27.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent analyst reports. Truist Financial raised their target price on Lowe's Companies from $307.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut their price objective on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 21st. Melius Research initiated coverage on Lowe's Companies in a research report on Monday, September 23rd. They set a "buy" rating and a $290.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Lowe's Companies from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Finally, Evercore ISI lifted their price objective on Lowe's Companies from $255.00 to $270.00 and gave the company an "in-line" rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $277.92.

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.