Cullen Frost Bankers Inc. Sells 2,751 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cullen Frost Bankers Inc. reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,737 shares of the home improvement retailer’s stock after selling 2,751 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Lowe’s Companies were worth $31,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WealthShield Partners LLC acquired a new position in Lowe’s Companies in the 3rd quarter worth approximately $215,000. Mackenzie Financial Corp increased its holdings in Lowe’s Companies by 0.7% in the 3rd quarter. Mackenzie Financial Corp now owns 104,649 shares of the home improvement retailer’s stock worth $20,947,000 after buying an additional 770 shares during the period. Value Partners Investments Inc. increased its holdings in Lowe’s Companies by 8.9% in the 3rd quarter. Value Partners Investments Inc. now owns 6,802 shares of the home improvement retailer’s stock worth $1,420,000 after buying an additional 554 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Lowe’s Companies by 5.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,575 shares of the home improvement retailer’s stock worth $36,919,000 after buying an additional 9,625 shares during the period. Finally, NBT Bank N A NY increased its holdings in Lowe’s Companies by 37.1% in the 3rd quarter. NBT Bank N A NY now owns 78,168 shares of the home improvement retailer’s stock worth $16,246,000 after buying an additional 21,156 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LOW shares. Wedbush upped their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Morgan Stanley raised their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Oppenheimer restated a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Monday, March 4th. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, The Goldman Sachs Group raised their target price on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $252.67.

Lowe’s Companies Trading Down 0.1 %

LOW stock traded down $0.25 during trading on Tuesday, hitting $231.45. 1,912,237 shares of the company’s stock were exchanged, compared to its average volume of 2,453,542. The stock has a market capitalization of $132.43 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The business has a 50-day moving average price of $240.00 and a two-hundred day moving average price of $221.68.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 earnings per share. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

About Lowe’s Companies

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