Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Vantage Investment Partners LLC

Vantage Investment Partners LLC reduced its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,753 shares of the home improvement retailer's stock after selling 4,415 shares during the period. Lowe's Companies comprises 1.2% of Vantage Investment Partners LLC's investment portfolio, making the stock its 28th largest position. Vantage Investment Partners LLC's holdings in Lowe's Companies were worth $13,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. IFS Advisors LLC bought a new position in shares of Lowe's Companies during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe's Companies in the third quarter worth approximately $27,000. Winch Advisory Services LLC lifted its position in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 44 shares in the last quarter. JNBA Financial Advisors boosted its position in shares of Lowe's Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after buying an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC boosted its holdings in shares of Lowe's Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after acquiring an additional 70 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction 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 directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.

Lowe's Companies Price Performance

Shares of LOW stock traded down $3.74 during mid-day trading on Tuesday, hitting $264.68. The stock had a trading volume of 991,056 shares, compared to its average volume of 2,281,719. The firm has a market capitalization of $149.45 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. Lowe's Companies, Inc. has a 12-month low of $209.81 and a 12-month high of $287.01. The firm's 50-day moving average is $259.04 and its two-hundred day moving average is $256.75.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.74%. Lowe's Companies's dividend payout ratio is currently 38.37%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LOW. Stifel Nicolaus lifted their price objective on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Wells Fargo & Company raised their price objective on shares of Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Piper Sandler increased their price objective on shares of Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Finally, Bank of America increased their target price on Lowe's Companies from $275.00 to $305.00 and gave the company a "buy" rating in a research report on Friday, October 11th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $280.85.

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.