Wynn Capital LLC Grows Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Wynn Capital LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,604 shares of the home improvement retailer’s stock after acquiring an additional 50 shares during the quarter. Wynn Capital LLC’s holdings in Lowe’s Companies were worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of LOW. Graves Light Lenhart Wealth Inc. lifted its holdings in shares of Lowe’s Companies by 155.2% during the fourth quarter. Graves Light Lenhart Wealth Inc. now owns 3,603 shares of the home improvement retailer’s stock valued at $889,000 after purchasing an additional 2,191 shares during the last quarter. Johnson & White Wealth Management LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $214,000. Grandview Asset Management LLC bought a new position in Lowe’s Companies during the 4th quarter valued at approximately $642,000. Ellenbecker Investment Group raised its stake in Lowe’s Companies by 6.3% during the fourth quarter. Ellenbecker Investment Group now owns 1,110 shares of the home improvement retailer’s stock valued at $274,000 after buying an additional 66 shares during the last quarter. Finally, BCS Wealth Management bought a new stake in Lowe’s Companies in the fourth quarter worth $476,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $251.30 on Wednesday. The company has a market cap of $141.90 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.20 and a beta of 1.11. Lowe’s Companies, Inc. has a 1 year low of $209.55 and a 1 year high of $287.01. The firm has a fifty day moving average price of $260.54 and a 200-day moving average price of $253.93.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’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 completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LOW shares. Bank of America raised their price target on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. DA Davidson increased their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $280.85.

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.