BBVA USA Bancshares Inc. Sells 1,404 Shares of Lowe's Companies, Inc. (NYSE:LOW)

BBVA USA Bancshares Inc. reduced its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,260 shares of the home improvement retailer’s stock after selling 1,404 shares during the period. BBVA USA Bancshares Inc.’s holdings in Lowe's Companies were worth $8,686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. State Street Corp grew its holdings in shares of Lowe's Companies by 2.7% during the 1st quarter. State Street Corp now owns 35,413,724 shares of the home improvement retailer’s stock worth $3,047,351,000 after purchasing an additional 922,369 shares in the last quarter. FMR LLC grew its holdings in shares of Lowe's Companies by 3.2% during the 2nd quarter. FMR LLC now owns 22,847,450 shares of the home improvement retailer’s stock worth $3,087,147,000 after purchasing an additional 706,111 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Lowe's Companies by 2.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,351,287 shares of the home improvement retailer’s stock worth $1,128,426,000 after purchasing an additional 181,285 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Lowe's Companies by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,967,519 shares of the home improvement retailer’s stock worth $1,076,571,000 after purchasing an additional 184,794 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Lowe's Companies by 1.7% during the 2nd quarter. Swiss National Bank now owns 3,031,503 shares of the home improvement retailer’s stock worth $409,617,000 after purchasing an additional 50,800 shares in the last quarter. 74.63% of the stock is currently owned by institutional investors.

LOW has been the topic of several recent research reports. KeyCorp lifted their price objective on Lowe's Companies from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Barclays boosted their price target on Lowe's Companies from $150.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Robert W. Baird boosted their price target on Lowe's Companies from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Truist Securiti boosted their price target on Lowe's Companies from $135.00 to $178.00 in a research note on Wednesday, August 12th. Finally, BNP Paribas initiated coverage on Lowe's Companies in a research note on Monday, October 5th. They issued a “neutral” rating and a $159.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $169.16.

In other Lowe's Companies news, EVP Ross W. Mccanless sold 62,838 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $168.33, for a total transaction of $10,577,520.54. Following the transaction, the executive vice president now owns 72,967 shares in the company, valued at approximately $12,282,535.11. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.07% of the stock is owned by company insiders.

NYSE:LOW opened at $161.42 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 4.64. The stock’s 50 day moving average price is $166.95 and its two-hundred day moving average price is $140.58. The firm has a market capitalization of $121.99 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 1.24 and a beta of 1.48. Lowe's Companies, Inc. has a 12-month low of $60.00 and a 12-month high of $180.67.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.95 by $0.80. The company had revenue of $27.30 billion for the quarter, compared to analyst estimates of $24.24 billion. Lowe's Companies had a return on equity of 228.17% and a net margin of 7.12%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 earnings per share. Equities research analysts expect that Lowe's Companies, Inc. will post 8.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, October 20th. This is a positive change from Lowe's Companies’s previous quarterly dividend of $0.55. Lowe's Companies’s dividend payout ratio (DPR) is 41.96%.

Lowe's Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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