LMG Wealth Partners LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 24,191 shares of the home improvement retailer’s stock after acquiring an additional 263 shares during the period. Lowe’s Companies accounts for approximately 1.3% of LMG Wealth Partners LLC’s holdings, making the stock its 27th largest holding. LMG Wealth Partners LLC’s holdings in Lowe’s Companies were worth $5,970,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in LOW. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the third quarter worth $27,000. Winch Advisory Services LLC boosted its stake in 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 worth $30,000 after buying an additional 44 shares during the period. JNBA Financial Advisors increased its position in 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 acquiring an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 70 shares during the period. 74.06% of the stock is owned by institutional investors.
Lowe’s Companies Stock Down 1.7 %
Shares of Lowe’s Companies stock opened at $246.49 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The firm’s 50 day moving average price is $254.11 and its 200-day moving average price is $258.65. The company has a market cap of $139.18 billion, a P/E ratio of 20.56, a PEG ratio of 2.00 and a beta of 1.11.
Analyst Upgrades and Downgrades
Insiders Place Their Bets
In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now 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 through this hyperlink. Corporate insiders own 0.26% of the company’s stock.
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.
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