Fulton Bank N.A. Purchases 2,406 Shares of Lowe’s Companies, Inc. (LOW)

Fulton Bank N.A. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 59.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,475 shares of the home improvement retailer’s stock after acquiring an additional 2,406 shares during the quarter. Fulton Bank N.A.’s holdings in Lowe’s Companies were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LOW. BlackRock Inc. boosted its position in shares of Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Lowe’s Companies by 204.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after acquiring an additional 5,380,759 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Lowe’s Companies by 4.3% during 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 last quarter. Glenview Capital Management LLC boosted its position in shares of Lowe’s Companies by 33.8% during the 1st quarter. Glenview Capital Management LLC now owns 5,452,659 shares of the home improvement retailer’s stock valued at $448,263,000 after acquiring an additional 1,376,540 shares during the last quarter. Finally, Scopus Asset Management L.P. boosted its position in shares of Lowe’s Companies by 866.7% during the 1st quarter. Scopus Asset Management L.P. now owns 1,450,000 shares of the home improvement retailer’s stock valued at $119,205,000 after acquiring an additional 1,300,000 shares during the last quarter. 74.32% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded down 0.60% during trading on Friday, reaching $77.99. The company had a trading volume of 14,518,162 shares. The company has a market capitalization of $64.95 billion, a P/E ratio of 22.14 and a beta of 1.07. The firm has a 50-day moving average price of $76.21 and a 200-day moving average price of $79.61. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. Lowe’s Companies’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. Lowe’s Companies’s payout ratio is 46.20%.

Several research analysts have recently weighed in on LOW shares. Goldman Sachs Group, Inc. (The) lowered their price target on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Stifel Nicolaus lowered their price target on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, May 24th. BMO Capital Markets reissued a “buy” rating and set a $89.00 price target on shares of Lowe’s Companies in a research report on Thursday, July 20th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $85.00.

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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