Wealthcare Capital Partners LLC Makes New $662,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Wealthcare Capital Partners LLC purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,682 shares of the home improvement retailer’s stock, valued at approximately $662,000.

Other large investors have also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its position in shares of Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares in the last quarter. Retirement Planning Group LLC purchased a new stake in Lowe’s Companies in the third quarter valued at about $231,000. Smith Chas P & Associates PA Cpas grew its stake in shares of Lowe’s Companies by 31.7% during the third quarter. Smith Chas P & Associates PA Cpas now owns 26,577 shares of the home improvement retailer’s stock worth $7,198,000 after acquiring an additional 6,399 shares during the last quarter. Woodstock Corp increased its holdings in shares of Lowe’s Companies by 14.3% during the third quarter. Woodstock Corp now owns 15,690 shares of the home improvement retailer’s stock valued at $4,250,000 after acquiring an additional 1,968 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Lowe’s Companies by 9.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,111 shares of the home improvement retailer’s stock valued at $1,655,000 after purchasing an additional 512 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on LOW shares. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Truist Financial dropped their price objective on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Royal Bank of Canada lifted their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Trading Up 1.9 %

Shares of Lowe’s Companies stock opened at $256.69 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm’s 50-day moving average price is $257.24 and its 200 day moving average price is $258.11. The firm has a market capitalization of $144.94 billion, a PE ratio of 21.41, a P/E/G ratio of 2.04 and a beta of 1.11.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

Insider Activity at Lowe’s Companies

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 transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

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.