AAFMAA Wealth Management & Trust LLC Sells 642 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

AAFMAA Wealth Management & Trust LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.8% during the 4th quarter, HoldingsChannel reports. The firm owned 5,295 shares of the home improvement retailer’s stock after selling 642 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Lowe’s Companies were worth $1,307,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Grandview Asset Management LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $642,000. Ellenbecker Investment Group lifted its position in Lowe’s Companies by 6.3% during the 4th quarter. Ellenbecker Investment Group now owns 1,110 shares of the home improvement retailer’s stock worth $274,000 after acquiring an additional 66 shares during the period. BCS Wealth Management purchased a new stake in Lowe’s Companies in the fourth quarter valued at approximately $476,000. AdvisorNet Financial Inc lifted its position in Lowe’s Companies by 11.4% during the fourth quarter. AdvisorNet Financial Inc now owns 6,416 shares of the home improvement retailer’s stock valued at $1,583,000 after purchasing an additional 657 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in Lowe’s Companies by 288.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock worth $4,696,000 after purchasing an additional 14,132 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LOW. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Melius Research started coverage on shares of Lowe’s Companies in a research note on Monday, September 23rd. They issued a “buy” rating and a $290.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Bank of America upped their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, TD Cowen boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $248.64 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $209.55 and a 52-week high of $287.01. The company has a market cap of $140.39 billion, a PE ratio of 20.74, a PEG ratio of 2.20 and a beta of 1.11. The stock has a 50-day simple moving average of $260.90 and a 200 day simple moving average of $253.71.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.85%. Lowe’s Companies’s payout ratio is 38.37%.

Insider Activity

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

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.