UNIVEST FINANCIAL Corp Sells 80 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

UNIVEST FINANCIAL Corp decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,063 shares of the home improvement retailer’s stock after selling 80 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Lowe’s Companies were worth $1,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. Klingenstein Fields & Co. LP grew its position in Lowe’s Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after purchasing an additional 39 shares in the last quarter. Saxony Capital Management LLC increased its position in shares of Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after acquiring an additional 40 shares during the last quarter. Powers Advisory Group LLC lifted its holdings in Lowe’s Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after acquiring an additional 40 shares during the period. Cordatus Wealth Management LLC boosted its position in Lowe’s Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock worth $3,705,000 after purchasing an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc grew its stake in Lowe’s Companies by 1.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.5 %

NYSE:LOW opened at $231.91 on Thursday. The stock has a market cap of $130.95 billion, a P/E ratio of 19.34, a PEG ratio of 1.96 and a beta of 1.12. The business’s 50-day moving average price is $246.76 and its two-hundred day moving average price is $257.53. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating 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 business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 dividend on an annualized basis and a yield of 1.98%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Bank of America lowered their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Piper Sandler reduced their target price on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Truist Financial dropped their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

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.