Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Cambridge Advisors Inc.

Cambridge Advisors Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,136 shares of the home improvement retailer’s stock after selling 809 shares during the period. Lowe’s Companies accounts for about 0.7% of Cambridge Advisors Inc.’s investment portfolio, making the stock its 24th largest holding. Cambridge Advisors Inc.’s holdings in Lowe’s Companies were worth $3,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Paragon Private Wealth Management LLC raised its holdings in Lowe’s Companies by 13.5% during the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after purchasing an additional 581 shares in the last quarter. ING Groep NV raised its holdings in Lowe’s Companies by 18,786.5% during the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after purchasing an additional 106,144 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in Lowe’s Companies by 0.3% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after purchasing an additional 541 shares in the last quarter. Brevan Howard Capital Management LP raised its holdings in Lowe’s Companies by 824.6% during the fourth quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock worth $3,414,000 after purchasing an additional 13,680 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Lowe’s Companies by 1.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock worth $10,031,000 after purchasing an additional 540 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.3 %

Shares of NYSE:LOW opened at $220.53 on Friday. The stock has a market capitalization of $125.67 billion, a PE ratio of 17.71, a P/E/G ratio of 1.68 and a beta of 1.08. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The firm has a fifty day moving average price of $225.32 and a 200 day moving average price of $228.26.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The firm had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. Lowe’s Companies’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.67 earnings per share. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio is presently 35.34%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research reports. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Evercore ISI dropped their price target on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating on the stock in a report on Wednesday, May 22nd. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Stifel Nicolaus upped their price target on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th. Finally, Truist Financial dropped their price target on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $251.33.

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.