Fagan Associates Inc. Sells 1,155 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Fagan Associates Inc. cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,157 shares of the home improvement retailer’s stock after selling 1,155 shares during the period. Lowe’s Companies accounts for approximately 3.1% of Fagan Associates Inc.’s investment portfolio, making the stock its 6th biggest holding. Fagan Associates Inc.’s holdings in Lowe’s Companies were worth $19,783,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LOW. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at $27,000. Winch Advisory Services LLC increased its position in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. JNBA Financial Advisors increased its position in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 70 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LOW. 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. Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. DA Davidson increased their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Barclays increased their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $282.96.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Trading Down 0.4 %

LOW stock opened at $250.73 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The stock has a market cap of $141.58 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.00 and a beta of 1.11. The business’s 50-day moving average is $254.54 and its 200 day moving average is $258.73.

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.