Global Trust Asset Management LLC Has $3.46 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Global Trust Asset Management LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 7.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 17,120 shares of the home improvement retailer’s stock after selling 1,370 shares during the period. Lowe’s Companies makes up approximately 1.4% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Global Trust Asset Management LLC’s holdings in Lowe’s Companies were worth $3,462,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LOW. RDA Financial Network acquired a new position in Lowe’s Companies in the 1st quarter worth about $225,000. Wedge Capital Management L L P NC increased its position in Lowe’s Companies by 7.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 210,287 shares of the home improvement retailer’s stock worth $42,518,000 after purchasing an additional 14,850 shares during the last quarter. Matisse Capital increased its position in Lowe’s Companies by 5.6% in the 1st quarter. Matisse Capital now owns 2,850 shares of the home improvement retailer’s stock worth $576,000 after purchasing an additional 150 shares during the last quarter. Glassy Mountain Advisors Inc. increased its position in Lowe’s Companies by 1.9% in the 1st quarter. Glassy Mountain Advisors Inc. now owns 38,253 shares of the home improvement retailer’s stock worth $7,734,000 after purchasing an additional 709 shares during the last quarter. Finally, CAPROCK Group Inc. increased its position in Lowe’s Companies by 4.1% in the 1st quarter. CAPROCK Group Inc. now owns 6,101 shares of the home improvement retailer’s stock worth $1,234,000 after purchasing an additional 239 shares during the last quarter. 75.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LOW stock opened at $182.84 on Friday. The stock has a 50 day moving average of $191.60 and a two-hundred day moving average of $217.42. Lowe’s Companies, Inc. has a 12 month low of $170.12 and a 12 month high of $263.31. The company has a market capitalization of $116.86 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.04 and a beta of 1.25.

Lowe’s Companies (NYSE:LOW – Get Rating) last announced its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.29. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The company had revenue of $23.66 billion during the quarter, compared to the consensus estimate of $23.72 billion. During the same quarter last year, the company earned $3.21 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts expect that Lowe’s Companies, Inc. will post 13.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, July 19th. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.80. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.30%. Lowe’s Companies’s dividend payout ratio is presently 26.08%.

Several research analysts have weighed in on LOW shares. Loop Capital dropped their target price on Lowe’s Companies from $240.00 to $190.00 in a research report on Tuesday, April 12th. DA Davidson decreased their price target on Lowe’s Companies from $292.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, May 19th. UBS Group decreased their price target on Lowe’s Companies from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, May 19th. Guggenheim decreased their price target on Lowe’s Companies to $240.00 in a research note on Friday, May 20th. Finally, MKM Partners assumed coverage on Lowe’s Companies in a research note on Thursday. They set a “neutral” rating and a $190.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $240.16.

Lowe’s Companies Profile (Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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