Axxcess Wealth Management LLC Increases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Axxcess Wealth Management LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 3.0% in the second quarter, Holdings Channel reports. The institutional investor owned 2,773 shares of the home improvement retailer’s stock after buying an additional 81 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Lowe’s Companies were worth $484,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. United Capital Financial Advisers LLC increased its position in Lowe’s Companies by 2.7% during the second quarter. United Capital Financial Advisers LLC now owns 204,204 shares of the home improvement retailer’s stock valued at $35,668,000 after acquiring an additional 5,421 shares during the last quarter. TCTC Holdings LLC raised its position in Lowe’s Companies by 2.8% during the second quarter. TCTC Holdings LLC now owns 118,811 shares of the home improvement retailer’s stock valued at $20,753,000 after purchasing an additional 3,229 shares during the period. Rhumbline Advisers raised its position in Lowe’s Companies by 2.0% during the second quarter. Rhumbline Advisers now owns 1,203,627 shares of the home improvement retailer’s stock valued at $210,238,000 after purchasing an additional 24,053 shares during the period. Cetera Investment Advisers raised its holdings in shares of Lowe’s Companies by 4.7% in the second quarter. Cetera Investment Advisers now owns 96,879 shares of the home improvement retailer’s stock worth $16,922,000 after buying an additional 4,377 shares during the period. Finally, Cetera Advisor Networks LLC raised its holdings in shares of Lowe’s Companies by 12.8% in the second quarter. Cetera Advisor Networks LLC now owns 64,106 shares of the home improvement retailer’s stock worth $11,198,000 after buying an additional 7,290 shares during the period. Hedge funds and other institutional investors own 74.04% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $211.02 on Thursday. The company’s 50 day simple moving average is $194.18 and its 200-day simple moving average is $192.60. The firm has a market capitalization of $130.98 billion, a PE ratio of 20.67, a P/E/G ratio of 1.18 and a beta of 1.15. Lowe’s Companies, Inc. has a 12 month low of $170.12 and a 12 month high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 EPS for the quarter, beating the consensus estimate of $3.09 by $0.18. Lowe’s Companies had a net margin of 6.97% and a negative return on equity of 103.72%. The business had revenue of $23.48 billion for the quarter, compared to analyst estimates of $23.16 billion. During the same period in the prior year, the business earned $2.73 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 13.77 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, January 24th. Lowe’s Companies’s dividend payout ratio is presently 41.14%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LOW shares. MKM Partners dropped their price objective on Lowe’s Companies from $220.00 to $205.00 in a research note on Wednesday, November 9th. Robert W. Baird raised their price objective on Lowe’s Companies from $230.00 to $250.00 in a research report on Thursday, November 17th. Wedbush lowered their price objective on Lowe’s Companies to $190.00 in a research report on Wednesday, November 16th. Cowen started coverage on Lowe’s Companies in a research note on Wednesday, October 19th. They issued a “market perform” rating and a $210.00 target price for the company. Finally, TheStreet upgraded Lowe’s Companies from a “c+” rating to a “b” rating in a research note on Monday, August 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $231.35.

Lowe’s Companies Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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