Modera Wealth Management LLC reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,014 shares of the home improvement retailer’s stock after selling 913 shares during the quarter. Modera Wealth Management LLC’s holdings in Lowe’s Companies were worth $311,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after acquiring an additional 2,650,045 shares in the last quarter. BlackRock Inc. boosted its position in shares of Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after acquiring an additional 671,581 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Lowe’s Companies by 11.5% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,249,599 shares of the home improvement retailer’s stock worth $678,200,000 after acquiring an additional 852,426 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its position in shares of Lowe’s Companies by 204.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after acquiring an additional 5,380,759 shares in the last quarter. 74.36% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Lowe’s Companies, Inc. (NYSE LOW) opened at 79.41 on Tuesday. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The stock has a market capitalization of $66.13 billion, a P/E ratio of 22.55 and a beta of 1.07. The stock’s 50 day moving average price is $80.03 and its 200-day moving average price is $79.28.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Equities research analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.07%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

COPYRIGHT VIOLATION WARNING: “Modera Wealth Management LLC Has $311,000 Stake in Lowe’s Companies, Inc. (LOW)” was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://theolympiareport.com/2017/10/31/modera-wealth-management-llc-has-311000-stake-in-lowes-companies-inc-low.html.

A number of analysts recently issued reports on LOW shares. BMO Capital Markets reissued a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research report on Thursday, July 20th. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $83.00 target price (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Longbow Research reissued a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Finally, Morgan Stanley decreased their target price on Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $85.32.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.