Alexander Labrunerie & CO. Inc. Trims Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Alexander Labrunerie & CO. Inc. reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,446 shares of the home improvement retailer’s stock after selling 121 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in Lowe’s Companies were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its position in Lowe’s Companies by 143.7% during the 4th quarter. Retirement Systems of Alabama now owns 301,891 shares of the home improvement retailer’s stock valued at $74,507,000 after acquiring an additional 178,016 shares in the last quarter. Welch Group LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $239,000. Commonwealth Financial Services LLC boosted its position in Lowe’s Companies by 20.9% during the 4th quarter. Commonwealth Financial Services LLC now owns 2,408 shares of the home improvement retailer’s stock valued at $594,000 after acquiring an additional 416 shares in the last quarter. Rockline Wealth Management LLC boosted its position in Lowe’s Companies by 4.7% during the 4th quarter. Rockline Wealth Management LLC now owns 15,156 shares of the home improvement retailer’s stock valued at $3,740,000 after acquiring an additional 679 shares in the last quarter. Finally, Flavin Financial Services Inc. bought a new stake in Lowe’s Companies during the 4th quarter valued at $492,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies 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 value of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 0.3 %

Shares of Lowe’s Companies stock opened at $257.23 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm has a market cap of $145.24 billion, a PE ratio of 21.45, a P/E/G ratio of 2.18 and a beta of 1.11. The business has a 50-day moving average price of $258.63 and a 200 day moving average price of $257.58.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Analyst Ratings Changes

LOW has been the topic of several recent research reports. 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. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Wells Fargo & Company raised their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

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.