Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1,156.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,159 shares of the home improvement retailer’s stock after acquiring an additional 56,290 shares during the quarter. Lowe’s Companies accounts for 1.1% of Venturi Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Venturi Wealth Management LLC’s holdings in Lowe’s Companies were worth $8,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. Peoples Bank OH increased its stake in shares of Lowe’s Companies by 1.6% in the second quarter. Peoples Bank OH now owns 4,750 shares of the home improvement retailer’s stock worth $642,000 after purchasing an additional 75 shares during the period. Baldwin Investment Management LLC increased its stake in shares of Lowe’s Companies by 0.7% in the second quarter. Baldwin Investment Management LLC now owns 11,751 shares of the home improvement retailer’s stock worth $1,588,000 after purchasing an additional 76 shares during the period. Nwam LLC increased its stake in shares of Lowe’s Companies by 1.5% in the second quarter. Nwam LLC now owns 5,506 shares of the home improvement retailer’s stock worth $744,000 after purchasing an additional 82 shares during the period. Cypress Wealth Services LLC increased its stake in shares of Lowe’s Companies by 1.0% in the second quarter. Cypress Wealth Services LLC now owns 8,980 shares of the home improvement retailer’s stock worth $1,213,000 after purchasing an additional 87 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in shares of Lowe’s Companies by 43.0% in the first quarter. Benjamin Edwards Inc. now owns 296 shares of the home improvement retailer’s stock worth $25,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

LOW has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating and set a $108.00 price objective on the stock. in a research note on Tuesday, April 28th. Truist Securiti lifted their price objective on Lowe’s Companies from $135.00 to $178.00 in a research note on Wednesday. Nomura Instinet lifted their price objective on Lowe’s Companies from $130.00 to $146.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Barclays boosted their price target on Lowe’s Companies from $125.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Finally, Royal Bank of Canada boosted their price target on Lowe’s Companies from $136.00 to $165.00 in a research note on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have assigned a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus price target of $147.10.

Shares of LOW traded up $0.15 on Wednesday, hitting $153.87. The company’s stock had a trading volume of 3,722,900 shares, compared to its average volume of 5,442,836. The company has a market capitalization of $117.10 billion, a PE ratio of 26.47, a PEG ratio of 1.43 and a beta of 1.45. The company has a debt-to-equity ratio of 14.05, a current ratio of 1.20 and a quick ratio of 0.42. Lowe’s Companies, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $157.98. The company has a 50 day moving average price of $141.52 and a 200 day moving average price of $117.59.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.32 by $0.45. The business had revenue of $19.68 billion for the quarter, compared to the consensus estimate of $18.33 billion. Lowe’s Companies had a return on equity of 220.44% and a net margin of 6.17%. Lowe’s Companies’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 EPS. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 6.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, July 21st. Lowe’s Companies’s payout ratio is currently 38.46%.

About Lowe’s Companies

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

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

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