1,620 Shares in Lowe's Companies, Inc. (NYSE:LOW) Purchased by Websterrogers Financial Advisors LLC

Websterrogers Financial Advisors LLC purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,620 shares of the home improvement retailer's stock, valued at approximately $400,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Virtu Financial LLC boosted its position in shares of Lowe's Companies by 3.1% in the second quarter. Virtu Financial LLC now owns 3,296 shares of the home improvement retailer's stock valued at $727,000 after acquiring an additional 99 shares during the period. Perennial Investment Advisors LLC boosted its holdings in Lowe's Companies by 3.0% in the 2nd quarter. Perennial Investment Advisors LLC now owns 2,228 shares of the home improvement retailer's stock valued at $491,000 after purchasing an additional 64 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Lowe's Companies by 27.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 16,451 shares of the home improvement retailer's stock valued at $3,627,000 after purchasing an additional 3,521 shares in the last quarter. Financial & Tax Architects LLC grew its position in shares of Lowe's Companies by 5.4% during the 2nd quarter. Financial & Tax Architects LLC now owns 26,973 shares of the home improvement retailer's stock valued at $5,946,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Meridian Wealth Partners LLC raised its position in shares of Lowe's Companies by 2.7% in the second quarter. Meridian Wealth Partners LLC now owns 1,887 shares of the home improvement retailer's stock worth $416,000 after buying an additional 49 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research analyst reports. Mizuho upped their target price on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. 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. Melius Research assumed coverage on shares of Lowe's Companies in a research report on Monday, September 23rd. They set a "buy" rating and a $290.00 target price for the company. DA Davidson increased their price target 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. Finally, Sanford C. Bernstein raised their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Lowe's Companies currently has a consensus 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 company's 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Lowe's Companies Price Performance

LOW traded up $1.98 during midday trading on Thursday, reaching $258.70. 1,882,298 shares of the company's stock traded hands, compared to its average volume of 2,341,760. Lowe's Companies, Inc. has a 52 week low of $209.55 and a 52 week high of $287.01. The firm has a fifty day moving average of $260.44 and a two-hundred day moving average of $253.95. The stock has a market capitalization of $146.07 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.08 and a beta of 1.11.

Lowe's Companies Dividend Announcement

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

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.