Opinicus Capital Inc. Has $1.20 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Opinicus Capital Inc. lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,851 shares of the home improvement retailer’s stock after selling 172 shares during the quarter. Lowe’s Companies makes up 1.0% of Opinicus Capital Inc.’s holdings, making the stock its 28th biggest position. Opinicus Capital Inc.’s holdings in Lowe’s Companies were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB increased its stake in shares of Lowe’s Companies by 14.4% during 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 during the last quarter. Quotient Wealth Partners LLC grew its holdings in Lowe’s Companies by 14.7% during the third quarter. Quotient Wealth Partners LLC now owns 2,514 shares of the home improvement retailer’s stock worth $681,000 after purchasing an additional 323 shares during the period. Tobam increased its position in Lowe’s Companies by 36.7% during the third quarter. Tobam now owns 730 shares of the home improvement retailer’s stock worth $198,000 after buying an additional 196 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in Lowe’s Companies by 5.7% in the third quarter. Pinnacle Bancorp Inc. now owns 3,720 shares of the home improvement retailer’s stock valued at $1,008,000 after buying an additional 200 shares during the period. Finally, Watts Gwilliam & Co. LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $232,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent analyst reports. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Truist Financial reduced their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Barclays increased their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Insider Transactions at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW opened at $252.17 on Friday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The stock has a market capitalization of $142.39 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.04 and a beta of 1.11. The stock has a fifty day moving average of $257.65 and a 200-day moving average of $257.70.

Lowe’s Companies Dividend Announcement

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 dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is 38.37%.

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.