Lowe's Companies, Inc. (NYSE:LOW) Stock Position Decreased by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC cut its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,030 shares of the home improvement retailer's stock after selling 1,100 shares during the period. Wilkinson Global Asset Management LLC's holdings in Lowe's Companies were worth $1,982,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new position in shares of Lowe's Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies during the third quarter valued at $27,000. Winch Advisory Services LLC increased its holdings in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the period. JNBA Financial Advisors increased its holdings 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 purchasing an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC increased its holdings in shares of Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after purchasing an additional 70 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company's stock.

Lowe's Companies Trading Down 3.0 %

NYSE LOW traded down $7.49 during trading on Friday, reaching $238.93. 3,164,519 shares of the company's stock were exchanged, compared to its average volume of 2,187,527. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The firm has a market capitalization of $134.91 billion, a PE ratio of 19.93, a P/E/G ratio of 1.96 and a beta of 1.11. The company's fifty day simple moving average is $253.31 and its 200-day simple moving average is $258.58.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Guggenheim reissued a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Mizuho lifted their target price on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Royal Bank of Canada lifted their target price on Lowe's Companies from $291.00 to $292.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Finally, Wedbush reaffirmed a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average target price of $282.96.

About Lowe's Companies

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.