Visionary Wealth Advisors Has $305,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Visionary Wealth Advisors cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,237 shares of the home improvement retailer’s stock after selling 75 shares during the quarter. Visionary Wealth Advisors’ holdings in Lowe’s Companies were worth $305,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV grew its position in Lowe’s Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after buying an additional 501 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Lowe’s Companies by 14.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer’s stock worth $26,236,000 after buying an additional 13,092 shares in the last quarter. World Investment Advisors grew its position in Lowe’s Companies by 11.0% during the fourth quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer’s stock worth $6,498,000 after buying an additional 2,615 shares in the last quarter. Great Lakes Advisors LLC grew its position in Lowe’s Companies by 1.5% during the fourth quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer’s stock worth $116,696,000 after buying an additional 7,187 shares in the last quarter. Finally, Northern Trust Corp grew its position in Lowe’s Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after buying an additional 993,833 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

LOW stock opened at $227.28 on Thursday. The company has a 50 day moving average price of $224.69 and a 200 day moving average price of $245.29. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The stock has a market capitalization of $127.21 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $20.93 billion during the quarter, compared to analysts’ expectations of $21.09 billion. During the same quarter in the previous year, the company posted $3.06 EPS. Lowe’s Companies’s revenue was down 2.0% on a year-over-year basis. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $270.00 to $250.00 and set a “hold” rating for the company in a research note on Monday. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday. Bank of America cut their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Wells Fargo & Company cut their price target on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.17.

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.