Global X Japan Co. Ltd. Has $473,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Global X Japan Co. Ltd. lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,917 shares of the home improvement retailer’s stock after buying an additional 96 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Lowe’s Companies were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth $27,000. Winch Advisory Services LLC increased its holdings in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares in the last quarter. JNBA Financial Advisors lifted its stake 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 last quarter. Finally, MFA Wealth Advisors LLC boosted its holdings in shares of Lowe’s Companies by 118.6% during 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 in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $256.08 on Friday. The business’s fifty day moving average is $257.99 and its 200 day moving average is $257.71. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock has a market capitalization of $144.59 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.18 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. Stockholders of record on Wednesday, January 22nd were paid a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.80%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.37%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOW. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Bank of America increased their target price on Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, TD Cowen raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.85.

Insider Activity at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’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 transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

About Lowe’s Companies

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.