TD Waterhouse Canada Inc. Lowers Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

TD Waterhouse Canada Inc. lowered its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 98,172 shares of the home improvement retailer's stock after selling 1,503 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Lowe's Companies were worth $24,243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Invst LLC acquired a new stake in Lowe's Companies during the 3rd quarter worth $255,000. Virtu Financial LLC boosted its position in shares of Lowe's Companies by 66.1% during the 3rd quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock worth $1,483,000 after purchasing an additional 2,178 shares during the period. Tudor Financial Inc. acquired a new position in Lowe's Companies in the 3rd quarter valued at about $1,877,000. Anchor Investment Management LLC lifted its holdings in Lowe's Companies by 2.6% during the 3rd quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock worth $12,334,000 after buying an additional 1,161 shares in the last quarter. Finally, World Investment Advisors LLC boosted its stake in shares of Lowe's Companies by 7.6% in the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock valued at $6,423,000 after buying an additional 1,670 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Price Performance

NYSE:LOW traded down $1.10 during trading hours on Friday, reaching $220.95. 1,493,665 shares of the company traded hands, compared to its average volume of 2,629,043. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The stock has a market cap of $123.67 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.96 and a beta of 1.07. The firm's 50-day moving average is $229.89 and its 200-day moving average is $251.33.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, research analysts predict that Lowe's Companies, Inc. will post 11.9 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, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is currently 37.67%.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Tuesday, April 15th. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price on the stock in a research report on Friday. Bank of America cut their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Mizuho cut their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $278.21.

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.