OneAscent Financial Services LLC Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

OneAscent Financial Services LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,243 shares of the home improvement retailer’s stock after acquiring an additional 573 shares during the period. OneAscent Financial Services LLC’s holdings in Lowe’s Companies were worth $1,047,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $27,000. IFS Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in Lowe’s Companies during the fourth quarter worth approximately $31,000. Winch Advisory Services LLC increased its position in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Finally, Caisse Des Depots ET Consignations purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $235.25 on Thursday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The company has a market capitalization of $131.67 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The business has a 50 day moving average price of $243.94 and a two-hundred day moving average price of $256.94.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Equities analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LOW. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.35.

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.