St. Johns Investment Management Company LLC Has $910,000 Stake in Lowe’s Companies, Inc. (LOW)

St. Johns Investment Management Company LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,736 shares of the home improvement retailer’s stock after selling 282 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Lowe’s Companies were worth $910,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Lowe’s Companies by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after acquiring an additional 2,650,045 shares during the period. Blue Edge Capital LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter worth $727,000. Dimensional Fund Advisors LP boosted its position in shares of Lowe’s Companies by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock worth $199,407,000 after purchasing an additional 60,109 shares in the last quarter. KCG Holdings Inc. boosted its position in shares of Lowe’s Companies by 170.7% in the 1st quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock worth $5,712,000 after purchasing an additional 43,815 shares in the last quarter. Finally, Heritage Trust Co acquired a new stake in shares of Lowe’s Companies in the 1st quarter worth $789,000. Institutional investors and hedge funds own 74.20% of the company’s stock.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE LOW) traded up 0.24% on Friday, hitting $78.23. The stock had a trading volume of 5,981,210 shares. The company’s 50 day moving average is $76.25 and its 200 day moving average is $79.59. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The stock has a market cap of $65.15 billion, a PE ratio of 22.21 and a beta of 1.07.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

A number of analysts have recently weighed in on LOW shares. BMO Capital Markets reissued a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research report on Thursday, July 20th. BTIG Research reissued a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Friday, August 18th. Longbow Research reissued a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 14th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, August 11th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and an average target price of $85.00.

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Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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.

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

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