Benjamin F. Edwards & Company Inc. Has $6.78 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,612 shares of the home improvement retailer’s stock after buying an additional 2,221 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Lowe’s Companies were worth $6,775,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board increased its stake in Lowe’s Companies by 11.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 786,970 shares of the home improvement retailer’s stock worth $79,413,000 after purchasing an additional 81,426 shares during the period. JNBA Financial Advisors purchased a new position in shares of Lowe’s Companies during the second quarter valued at approximately $40,000. Nuveen Asset Management LLC increased its stake in shares of Lowe’s Companies by 6,680.1% during the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock valued at $636,989,000 after buying an additional 6,219,346 shares during the period. Moors & Cabot Inc. increased its stake in shares of Lowe’s Companies by 5.2% during the third quarter. Moors & Cabot Inc. now owns 12,250 shares of the home improvement retailer’s stock valued at $1,345,000 after buying an additional 603 shares during the period. Finally, Carnick & Kubik Group LLC increased its stake in shares of Lowe’s Companies by 1.5% during the second quarter. Carnick & Kubik Group LLC now owns 20,915 shares of the home improvement retailer’s stock valued at $2,111,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 74.48% of the company’s stock.

In related news, EVP Jennifer L. Weber sold 12,589 shares of Lowe’s Companies stock in a transaction on Monday, September 16th. The shares were sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the transaction, the executive vice president now owns 17,440 shares in the company, valued at approximately $1,964,092.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of Lowe’s Companies stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the transaction, the chief accounting officer now owns 28,017 shares in the company, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.

Shares of LOW stock traded down $1.31 during trading hours on Monday, reaching $116.00. The company had a trading volume of 3,272,599 shares, compared to its average volume of 4,573,839. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04. The stock has a fifty day moving average of $113.94 and a 200-day moving average of $106.37. The company has a market capitalization of $90.54 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.53 and a beta of 1.27. Lowe’s Companies, Inc. has a 12-month low of $85.90 and a 12-month high of $121.22.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.06. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The business had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.69 billion. During the same period in the prior year, the business earned $1.04 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, analysts forecast that Lowe’s Companies, Inc. will post 5.7 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $0.55 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.20 annualized dividend and a yield of 1.90%. Lowe’s Companies’s payout ratio is currently 42.80%.

Several equities research analysts recently weighed in on the company. Raymond James cut Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research note on Wednesday, November 20th. Piper Jaffray Companies raised Lowe’s Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $113.00 to $130.00 in a research note on Tuesday, October 15th. Jefferies Financial Group boosted their target price on Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of Lowe’s Companies in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $128.92.

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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