Global Trust Asset Management LLC Has $1.89 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Global Trust Asset Management LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,722 shares of the home improvement retailer’s stock after selling 3,150 shares during the quarter. Lowe’s Companies accounts for 1.3% of Global Trust Asset Management LLC’s portfolio, making the stock its 15th largest holding. Global Trust Asset Management LLC’s holdings in Lowe’s Companies were worth $1,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tdam USA Inc. boosted its holdings in shares of Lowe’s Companies by 9.5% in the 1st quarter. Tdam USA Inc. now owns 8,719 shares of the home improvement retailer’s stock worth $954,000 after acquiring an additional 760 shares in the last quarter. Cadence Bank NA boosted its holdings in shares of Lowe’s Companies by 0.5% in the 1st quarter. Cadence Bank NA now owns 23,458 shares of the home improvement retailer’s stock worth $2,568,000 after acquiring an additional 112 shares in the last quarter. Moseley Investment Management Inc. acquired a new position in shares of Lowe’s Companies in the 1st quarter worth approximately $360,000. Wheatland Advisors Inc. acquired a new position in shares of Lowe’s Companies in the 1st quarter worth approximately $1,546,000. Finally, Comerica Securities Inc. boosted its holdings in shares of Lowe’s Companies by 6.3% in the 4th quarter. Comerica Securities Inc. now owns 13,753 shares of the home improvement retailer’s stock worth $1,270,000 after acquiring an additional 818 shares in the last quarter. 76.71% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on LOW. Wedbush reduced their target price on Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Gabelli restated a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, May 23rd. Wells Fargo & Co restated a “buy” rating on shares of Lowe’s Companies in a research report on Friday, May 10th. Finally, UBS Group dropped their price objective on shares of Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $112.88.

In other Lowe’s Companies news, insider Marvin R. Ellison bought 10,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was bought at an average price of $95.05 per share, for a total transaction of $950,500.00. Following the transaction, the insider now owns 80,090 shares of the company’s stock, valued at approximately $7,612,554.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Donald Frieson bought 2,030 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were acquired at an average price of $98.69 per share, with a total value of $200,340.70. Following the transaction, the executive vice president now directly owns 10,980 shares in the company, valued at approximately $1,083,616.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 12,280 shares of company stock valued at $1,174,566 in the last quarter. Corporate insiders own 0.07% of the company’s stock.

LOW stock opened at $99.62 on Friday. The stock has a 50 day moving average of $102.53. The company has a market cap of $77.99 billion, a PE ratio of 19.38, a PEG ratio of 1.35 and a beta of 1.36. Lowe’s Companies, Inc. has a fifty-two week low of $84.75 and a fifty-two week high of $118.23. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.11). The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.55 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, July 23rd. This represents a $2.20 annualized dividend and a dividend yield of 2.21%. Lowe’s Companies’s payout ratio is presently 42.80%.

Lowe’s Companies Profile

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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