5,406 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,406 shares of the home improvement retailer’s stock, valued at approximately $1,028,000. Lowe’s Companies makes up 0.3% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Lowe’s Companies by 10.7% during the fourth quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock valued at $4,871,866,000 after purchasing an additional 2,940,777 shares in the last quarter. Norges Bank acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $1,285,445,000. Lazard Asset Management LLC boosted its holdings in Lowe’s Companies by 17.8% during the fourth quarter. Lazard Asset Management LLC now owns 6,502,725 shares of the home improvement retailer’s stock valued at $1,043,751,000 after purchasing an additional 982,465 shares in the last quarter. Morgan Stanley boosted its holdings in Lowe’s Companies by 15.6% during the fourth quarter. Morgan Stanley now owns 5,819,866 shares of the home improvement retailer’s stock valued at $934,149,000 after purchasing an additional 783,731 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Lowe’s Companies by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,860,084 shares of the home improvement retailer’s stock valued at $459,076,000 after purchasing an additional 37,586 shares in the last quarter. 76.11% of the stock is currently owned by institutional investors.

In related news, Director David H. Batchelder purchased 6,250 shares of the stock in a transaction on Friday, February 26th. The shares were purchased at an average cost of $159.48 per share, with a total value of $996,750.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by corporate insiders.

Several brokerages have recently commented on LOW. Citigroup began coverage on Lowe’s Companies in a report on Monday, March 15th. They issued a “buy” rating and a $195.00 target price on the stock. Zelman & Associates restated a “hold” rating on shares of Lowe’s Companies in a research report on Wednesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Lowe’s Companies from $177.00 to $204.00 and gave the stock a “neutral” rating in a research report on Monday, April 26th. Gordon Haskett upgraded shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price objective for the company in a research report on Wednesday, March 3rd. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of Lowe’s Companies from $195.00 to $239.00 and gave the stock a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $183.54.

Shares of LOW stock traded down $1.60 on Tuesday, reaching $197.60. The stock had a trading volume of 67,276 shares, compared to its average volume of 4,030,384. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20. The firm’s 50-day moving average is $192.90 and its two-hundred day moving average is $171.72. The firm has a market capitalization of $141.71 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.18 and a beta of 1.37. Lowe’s Companies, Inc. has a 12 month low of $102.83 and a 12 month high of $208.98.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.54 billion. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. During the same period in the prior year, the firm earned $0.94 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 5th. Shareholders of record on Wednesday, April 21st will be issued a $0.60 dividend. The ex-dividend date is Tuesday, April 20th. This represents a $2.40 annualized dividend and a yield of 1.21%. Lowe’s Companies’s dividend payout ratio is currently 41.96%.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. 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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