Lowe’s Companies, Inc. (LOW) Shares Sold by Bamco Inc. NY, Report finds

Lowe’s Companies, Inc. (LOW) Shares Sold by Bamco Inc. NY, Report finds

Bamco Inc. NY cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 14.7% during the third quarter, Holdings Channel reports. The firm owned 330,273 shares of the home improvement retailer’s stock after selling 57,039 shares during the period. Bamco Inc. NY’s holdings in Lowe’s Companies were worth $23,849,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LOW. Hanson McClain Inc. boosted its position in shares of Lowe’s Companies by 17.5% in the second quarter. Hanson McClain Inc. now owns 1,328 shares of the home improvement retailer’s stock valued at $105,000 after buying an additional 198 shares during the period. North Star Investment Management Corp. boosted its position in shares of Lowe’s Companies by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 230 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of Lowe’s Companies by 5.4% in the third quarter. Mycio Wealth Partners LLC now owns 1,385 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 71 shares during the period. Kistler Tiffany Companies LLC boosted its position in shares of Lowe’s Companies by 68.0% in the third quarter. Kistler Tiffany Companies LLC now owns 1,482 shares of the home improvement retailer’s stock valued at $107,000 after buying an additional 600 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Lowe’s Companies by 96.9% in the third quarter. Penserra Capital Management LLC now owns 1,892 shares of the home improvement retailer’s stock valued at $136,000 after buying an additional 931 shares during the period. 74.96% of the stock is currently owned by institutional investors.

Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.29% during mid-day trading on Wednesday, hitting $72.45. 4,029,600 shares of the stock traded hands. The stock’s 50 day moving average is $72.20 and its 200-day moving average is $73.14. Lowe’s Companies, Inc. has a 12 month low of $62.68 and a 12 month high of $83.65. The company has a market cap of $63.02 billion, a price-to-earnings ratio of 26.60 and a beta of 1.28.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. The firm had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.86 billion. Lowe’s Companies had a return on equity of 46.46% and a net margin of 3.91%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $3.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, January 23rd. Lowe’s Companies’s dividend payout ratio is currently 51.28%.

Several analysts have issued reports on the company. Credit Suisse Group set a $72.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, December 1st. Royal Bank Of Canada increased their target price on Lowe’s Companies from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, December 8th. RBC Capital Markets increased their target price on Lowe’s Companies from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, December 8th. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Friday, December 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.59.

In related news, COO Ricky D. Damron sold 17,225 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $74.83, for a total transaction of $1,288,946.75. Following the completion of the sale, the chief operating officer now directly owns 46,725 shares of the company’s stock, valued at approximately $3,496,431.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matthew V. Hollifield sold 2,609 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $70.29, for a total transaction of $183,386.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,134 shares of company stock worth $1,922,909. 0.39% of the stock is currently owned by insiders.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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).

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Lowe’s Companies, Inc. (LOW) Shares Sold by Bamco Inc. NY

Lowe’s Companies, Inc. (LOW) Shares Sold by Bamco Inc. NY

Bamco Inc. NY cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 14.7% during the third quarter, Holdings Channel reports. The firm owned 330,273 shares of the home improvement retailer’s stock after selling 57,039 shares during the period. Bamco Inc. NY’s holdings in Lowe’s Companies were worth $23,849,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LOW. Hanson McClain Inc. boosted its position in shares of Lowe’s Companies by 17.5% in the second quarter. Hanson McClain Inc. now owns 1,328 shares of the home improvement retailer’s stock valued at $105,000 after buying an additional 198 shares during the period. North Star Investment Management Corp. boosted its position in shares of Lowe’s Companies by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 230 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of Lowe’s Companies by 5.4% in the third quarter. Mycio Wealth Partners LLC now owns 1,385 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 71 shares during the period. Kistler Tiffany Companies LLC boosted its position in shares of Lowe’s Companies by 68.0% in the third quarter. Kistler Tiffany Companies LLC now owns 1,482 shares of the home improvement retailer’s stock valued at $107,000 after buying an additional 600 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Lowe’s Companies by 96.9% in the third quarter. Penserra Capital Management LLC now owns 1,892 shares of the home improvement retailer’s stock valued at $136,000 after buying an additional 931 shares during the period. 74.96% of the stock is currently owned by institutional investors.

Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.29% during mid-day trading on Wednesday, hitting $72.45. 4,029,600 shares of the stock traded hands. The stock’s 50 day moving average is $72.20 and its 200-day moving average is $73.14. Lowe’s Companies, Inc. has a 12 month low of $62.68 and a 12 month high of $83.65. The company has a market cap of $63.02 billion, a price-to-earnings ratio of 26.60 and a beta of 1.28.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. The firm had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.86 billion. Lowe’s Companies had a return on equity of 46.46% and a net margin of 3.91%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $3.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, January 23rd. Lowe’s Companies’s dividend payout ratio is currently 51.28%.

Several analysts have issued reports on the company. Credit Suisse Group set a $72.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, December 1st. Royal Bank Of Canada increased their target price on Lowe’s Companies from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, December 8th. RBC Capital Markets increased their target price on Lowe’s Companies from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, December 8th. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Friday, December 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.59.

In related news, COO Ricky D. Damron sold 17,225 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $74.83, for a total transaction of $1,288,946.75. Following the completion of the sale, the chief operating officer now directly owns 46,725 shares of the company’s stock, valued at approximately $3,496,431.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matthew V. Hollifield sold 2,609 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $70.29, for a total transaction of $183,386.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,134 shares of company stock worth $1,922,909. 0.39% of the stock is currently owned by insiders.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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).

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