6,683 Shares in Lowe's Companies, Inc. (NYSE:LOW) Purchased by Pines Wealth Management LLC

Pines Wealth Management LLC purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,683 shares of the home improvement retailer's stock, valued at approximately $1,657,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Lowe's Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares during the last quarter. State Street Corp increased its holdings in shares of Lowe's Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after buying an additional 460,851 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lowe's Companies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock worth $3,169,041,000 after buying an additional 187,473 shares during the last quarter. Legal & General Group Plc raised its position in shares of Lowe's Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock valued at $1,147,603,000 after buying an additional 82,978 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Lowe's Companies by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock worth $912,508,000 after acquiring an additional 39,953 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Up 2.6 %

LOW stock traded up $6.52 during trading on Wednesday, reaching $257.71. The company's stock had a trading volume of 1,720,343 shares, compared to its average volume of 2,255,826. The company's fifty day moving average is $260.54 and its 200-day moving average is $253.93. The company has a market capitalization of $145.52 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Lowe's Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio is currently 38.37%.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Piper Sandler raised their price target on Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Mizuho boosted their price objective on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Stifel Nicolaus upped their price objective on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Finally, Wedbush reissued a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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 the stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

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.