Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,532 shares of the home improvement retailer's stock after selling 11,959 shares during the period. M&T Bank Corp owned about 0.06% of Lowe's Companies worth $90,879,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. FMR LLC grew its holdings in shares of Lowe's Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Lowe's Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock worth $578,256,000 after acquiring an additional 2,027,668 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Lowe's Companies by 20,275.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer's stock worth $2,657,000 after acquiring an additional 1,199,100 shares during the period. Applied Finance Capital Management LLC grew its holdings in shares of Lowe's Companies by 387.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock worth $219,761,000 after acquiring an additional 645,017 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Lowe's Companies by 170.5% in the 2nd quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer's stock worth $162,178,000 after acquiring an additional 463,645 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

Shares of LOW traded down $4.02 during trading hours on Tuesday, hitting $270.13. The stock had a trading volume of 2,214,704 shares, compared to its average volume of 2,440,419. The firm has a market cap of $152.53 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.29 and a beta of 1.10. The company's fifty day simple moving average is $271.07 and its 200 day simple moving average is $248.27. Lowe's Companies, Inc. has a 12-month low of $205.84 and a 12-month high of $287.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LOW shares. Sanford C. Bernstein lowered their price target on Lowe's Companies from $306.00 to $301.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Wednesday, September 18th. Royal Bank of Canada increased their target price on Lowe's Companies from $290.00 to $291.00 and gave the company a "sector perform" rating in a report on Wednesday, November 20th. TD Cowen increased their target price on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Finally, Wells Fargo & Company increased their target price on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target of $277.92.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares of the company's stock, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,697 shares of company stock valued at $5,214,586 over the last three months. 0.26% of the stock is owned by company insiders.

Lowe's Companies Company 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.