Altavista Wealth Management Inc. Has $5.80 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Altavista Wealth Management Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,726 shares of the home improvement retailer’s stock after selling 462 shares during the period. Lowe’s Companies comprises 1.8% of Altavista Wealth Management Inc.’s portfolio, making the stock its 14th biggest position. Altavista Wealth Management Inc.’s holdings in Lowe’s Companies were worth $5,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its holdings in shares of Lowe’s Companies by 11.5% during the second quarter. Canada Pension Plan Investment Board now owns 786,970 shares of the home improvement retailer’s stock worth $79,413,000 after buying an additional 81,426 shares in the last quarter. JNBA Financial Advisors acquired a new stake in shares of Lowe’s Companies during the second quarter worth approximately $40,000. Nuveen Asset Management LLC increased its holdings in shares of Lowe’s Companies by 6,680.1% during the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after buying an additional 6,219,346 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Lowe’s Companies by 5.2% during the third quarter. Moors & Cabot Inc. now owns 12,250 shares of the home improvement retailer’s stock worth $1,345,000 after buying an additional 603 shares in the last quarter. Finally, Carnick & Kubik Group LLC increased its holdings in shares of Lowe’s Companies by 1.5% during the second quarter. Carnick & Kubik Group LLC now owns 20,915 shares of the home improvement retailer’s stock worth $2,111,000 after buying an additional 310 shares in the last quarter. 76.35% of the stock is owned by institutional investors.

LOW has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Monday, September 30th. ValuEngine cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Piper Jaffray Companies raised shares of Lowe’s Companies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $113.00 to $130.00 in a research note on Tuesday, October 15th. Finally, Citigroup increased their price target on shares of Lowe’s Companies from $122.00 to $137.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Buy” and an average price target of $123.20.

In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $112.62, for a total value of $1,417,773.18. Following the transaction, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the completion of the transaction, the chief accounting officer now directly owns 28,017 shares in the company, valued at $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

Shares of LOW stock opened at $114.45 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $84.75 and a 52-week high of $118.23. The stock has a market cap of $86.60 billion, a PE ratio of 22.27, a PEG ratio of 1.47 and a beta of 1.29. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.19 and a current ratio of 1.06. The firm’s 50 day moving average price is $110.81 and its two-hundred day moving average price is $105.71.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same period last year, the firm earned $2.07 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.92%. Lowe’s Companies’s payout ratio is presently 42.80%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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