Wealth Enhancement Advisory Services LLC Buys 4,435 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Wealth Enhancement Advisory Services LLC grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 362,209 shares of the home improvement retailer's stock after purchasing an additional 4,435 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Lowe's Companies worth $98,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Lowe's Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the last quarter. State Street Corp increased its holdings in Lowe's Companies by 1.9% during the third 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 Lowe's Companies by 1.6% during the third 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 increased its holdings in Lowe's Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock worth $1,147,603,000 after buying an additional 82,978 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Lowe's Companies by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock worth $912,508,000 after buying an additional 39,953 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LOW shares. DA Davidson boosted their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. Bank of America boosted their target price on shares of Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Sanford C. Bernstein upped their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Loop Capital raised shares of Lowe's Companies from a "hold" rating to a "buy" rating and boosted their target price for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Finally, TD Cowen upped their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $280.85.

Insider Buying and Selling 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 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 approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company's stock.

Lowe's Companies Trading Up 0.4 %

NYSE:LOW traded up $0.89 on Friday, reaching $247.78. 2,537,688 shares of the stock traded hands, compared to its average volume of 2,318,280. The firm has a market capitalization of $139.91 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The company's 50 day moving average is $261.23 and its 200-day moving average is $253.01. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe's Companies's dividend payout ratio is presently 38.37%.

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.