Physician Wealth Advisors Inc. Lowers Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Physician Wealth Advisors Inc. cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 868 shares of the home improvement retailer’s stock after selling 142 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Lowe’s Companies were worth $214,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the 3rd quarter worth $27,000. IFS Advisors LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. Winch Advisory Services LLC increased its holdings in shares of Lowe’s Companies by 56.4% in 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 last quarter. Finally, Caisse Des Depots ET Consignations purchased a new position in Lowe’s Companies during the fourth quarter worth approximately $33,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 1.7 %

Shares of LOW stock opened at $228.20 on Friday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market cap of $127.73 billion, a P/E ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.12. The firm has a fifty day moving average price of $245.57 and a 200 day moving average price of $257.31.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.02%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LOW shares. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Piper Sandler decreased their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

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.