Prospera Financial Services Inc Grows Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Prospera Financial Services Inc grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,968 shares of the home improvement retailer's stock after purchasing an additional 2,698 shares during the quarter. Prospera Financial Services Inc's holdings in Lowe's Companies were worth $12,728,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Crew Capital Management Ltd. boosted its stake in shares of Lowe's Companies by 1.0% in the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock worth $1,049,000 after acquiring an additional 37 shares during the period. Summit Place Financial Advisors LLC boosted its stake in Lowe's Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock valued at $372,000 after buying an additional 37 shares during the last quarter. Clean Yield Group boosted its stake in Lowe's Companies by 2.4% during the third quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock valued at $433,000 after buying an additional 38 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Lowe's Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock valued at $2,021,000 after buying an additional 40 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its stake in Lowe's Companies by 2.2% during the second quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer's stock valued at $418,000 after buying an additional 41 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on LOW. UBS Group increased their price target on Lowe's Companies from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Loop Capital raised Lowe's Companies from a "hold" rating to a "buy" rating and increased their price target for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research note on Tuesday. Evercore ISI raised their price objective on Lowe's Companies from $225.00 to $250.00 and gave the company an "in-line" rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company raised their price objective on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $273.84.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe's Companies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe's Companies 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 sale, the executive vice president now directly owns 13,214 shares of the company's stock, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Lowe's Companies Trading Down 4.0 %

Shares of NYSE:LOW traded down $10.92 on Tuesday, reaching $260.85. The company had a trading volume of 2,276,325 shares, compared to its average volume of 2,439,614. Lowe's Companies, Inc. has a 52-week low of $196.23 and a 52-week high of $287.01. The firm's 50 day simple moving average is $267.74 and its 200-day simple moving average is $244.04. The firm has a market capitalization of $147.98 billion, a PE ratio of 21.63, a PEG ratio of 2.21 and a beta of 1.10.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.96 by $0.14. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same period last year, the business posted $4.56 EPS. The business's revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Lowe's Companies, Inc. will post 11.93 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. Lowe's Companies's payout ratio is 38.14%.

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.