Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,143 shares of the home improvement retailer's stock after selling 6,240 shares during the quarter. MML Investors Services LLC's holdings in Lowe's Companies were worth $17,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invst LLC purchased a new stake in shares of Lowe's Companies in the third quarter worth about $255,000. Virtu Financial LLC increased its stake in Lowe's Companies by 66.1% in the 3rd quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock worth $1,483,000 after acquiring an additional 2,178 shares during the last quarter. Tudor Financial Inc. purchased a new stake in shares of Lowe's Companies during the 3rd quarter worth approximately $1,877,000. Anchor Investment Management LLC boosted its position in shares of Lowe's Companies by 2.6% during the 3rd quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock valued at $12,334,000 after acquiring an additional 1,161 shares during the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of Lowe's Companies by 7.6% in the third quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock valued at $6,423,000 after purchasing an additional 1,670 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. 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, April 15th. Royal Bank of Canada decreased their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. DA Davidson restated a "neutral" rating and set a $270.00 price objective on shares of Lowe's Companies in a research report on Wednesday, April 16th. Finally, Truist Financial lowered their price objective on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $278.21.

Lowe's Companies Stock Down 0.5 %

Shares of LOW stock traded down $1.10 on Friday, hitting $220.95. The stock had a trading volume of 1,493,675 shares, compared to its average volume of 2,473,740. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The business has a 50 day moving average price of $229.89 and a 200 day moving average price of $251.33. The company has a market cap of $123.67 billion, a PE ratio of 18.43, a P/E/G ratio of 1.96 and a beta of 1.07.

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

Lowe's Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.08%. 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.