New Wave Wealth Advisors LLC Has $65,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

New Wave Wealth Advisors LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 76.6% in the 4th quarter, HoldingsChannel reports. The fund owned 263 shares of the home improvement retailer’s stock after selling 861 shares during the period. New Wave Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $65,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LOW. Crew Capital Management Ltd. lifted its holdings in Lowe’s Companies by 1.0% during the 3rd quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock worth $1,049,000 after buying an additional 37 shares during the period. Summit Place Financial Advisors LLC raised its position in shares of Lowe’s Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock worth $372,000 after acquiring an additional 37 shares during the last quarter. Clean Yield Group lifted its stake in shares of Lowe’s Companies by 2.4% in the third quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer’s stock worth $433,000 after acquiring an additional 38 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position in Lowe’s Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock valued at $2,021,000 after purchasing an additional 40 shares during the period. Finally, Powers Advisory Group LLC increased its position in Lowe’s Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LOW shares. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. TD Cowen increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, DA Davidson lifted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

Insider Activity 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 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 transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $259.91 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The firm’s 50-day simple moving average is $259.10 and its 200 day simple moving average is $257.05. The stock has a market cap of $146.76 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 38.37%.

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.