Pecaut & CO. Has $5.27 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Pecaut & CO. reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,352 shares of the home improvement retailer's stock after selling 1,297 shares during the period. Lowe's Companies comprises about 1.8% of Pecaut & CO.'s investment portfolio, making the stock its 16th biggest position. Pecaut & CO.'s holdings in Lowe's Companies were worth $5,270,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in shares of Lowe's Companies in the third quarter valued at $2,713,000. Principal Financial Group Inc. increased its position in Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after acquiring an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Lowe's Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock worth $4,696,000 after acquiring an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock valued at $4,894,000 after purchasing an additional 501 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

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Lowe's Companies Stock Down 1.0 %

Shares of NYSE:LOW traded down $2.28 during midday trading on Tuesday, reaching $230.61. 2,476,794 shares of the company were exchanged, compared to its average volume of 2,279,546. The firm has a market cap of $130.21 billion, a PE ratio of 19.23, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a fifty day simple moving average of $247.67 and a two-hundred day simple moving average of $257.80.

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

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.99%. Lowe's Companies's dividend payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Wedbush restated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Truist Financial dropped their price objective on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $279.71.

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.