Alpha Cubed Investments LLC Boosts Holdings in Lowe’s Companies, Inc. (LOW)

Alpha Cubed Investments LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,750 shares of the home improvement retailer’s stock after acquiring an additional 465 shares during the period. Alpha Cubed Investments LLC’s holdings in Lowe’s Companies were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Ironwood Financial llc grew its stake in shares of Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after purchasing an additional 342 shares in the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Lowe’s Companies by 360.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 512 shares in the last quarter. Mascoma Wealth Management LLC grew its stake in shares of Lowe’s Companies by 76.9% during the fourth quarter. Mascoma Wealth Management LLC now owns 690 shares of the home improvement retailer’s stock worth $64,000 after purchasing an additional 300 shares in the last quarter. Columbia Asset Management acquired a new position in shares of Lowe’s Companies during the third quarter worth $109,000. Finally, Reilly Financial Advisors LLC grew its stake in shares of Lowe’s Companies by 19.2% during the fourth quarter. Reilly Financial Advisors LLC now owns 1,242 shares of the home improvement retailer’s stock worth $115,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 74.37% of the company’s stock.

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In other Lowe’s Companies news, Director Brian C. Rogers bought 10,000 shares of Lowe’s Companies stock in a transaction dated Friday, November 23rd. The stock was acquired at an average cost of $88.02 per share, with a total value of $880,200.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $880,200. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.

Shares of LOW opened at $97.87 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $81.16 and a 1-year high of $117.70. The firm has a market capitalization of $77.98 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.14 and a beta of 1.27. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The firm had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same period in the previous year, the company earned $1.05 earnings per share. Lowe’s Companies’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.96%. Lowe’s Companies’s payout ratio is 43.74%.

LOW has been the subject of a number of analyst reports. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Tuesday, October 23rd. Jefferies Financial Group set a $119.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Loop Capital set a $130.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Deutsche Bank set a $101.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Finally, SunTrust Banks boosted their target price on shares of Lowe’s Companies to $128.00 and gave the stock a “buy” rating in a research note on Thursday, December 13th. Ten analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $111.36.

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Lowe’s Companies Profile

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

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

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