Pacer Advisors Inc. Grows Position in Lowe's Companies, Inc. (NYSE:LOW)

Pacer Advisors Inc. lifted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 56.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,073 shares of the home improvement retailer's stock after buying an additional 23,807 shares during the period. Pacer Advisors Inc.'s holdings in Lowe's Companies were worth $16,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in 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 valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the period. International Assets Investment Management LLC increased its position in shares of Lowe's Companies by 1,889.7% during 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 purchasing an additional 2,027,668 shares during the last quarter. Applied Finance Capital Management LLC raised its holdings in 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 valued at $219,761,000 after buying an additional 645,017 shares during the period. State Street Corp lifted its position in 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 valued at $6,774,948,000 after buying an additional 460,851 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Lowe's Companies by 219.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 458,343 shares of the home improvement retailer's stock worth $124,142,000 after buying an additional 314,861 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Bank of America boosted their price target on shares of Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Mizuho upped their price target on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price objective on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Wedbush restated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Finally, Sanford C. Bernstein lifted their target price on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $280.85.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, 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 transaction, the executive vice president now owns 16,703 shares of the company's stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe's Companies Stock Down 1.0 %

Lowe's Companies stock traded down $2.69 during mid-day trading on Wednesday, hitting $261.72. The company had a trading volume of 2,092,161 shares, compared to its average volume of 2,301,187. Lowe's Companies, Inc. has a 1 year low of $210.10 and a 1 year high of $287.01. The business has a fifty day moving average of $259.15 and a 200 day moving average of $256.97. The stock has a market cap of $147.78 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.16 and a beta of 1.11.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid 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 1.76%. 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.