Lowe’s Companies, Inc. (NYSE:LOW).
State Treasurer State Of Michigan says it lowered its investment in Lowe’s Companies, Inc. shares by 25,800 shares as of the end of the last quarter. Its position was valued at $21,498,000 a decrease of 5.9% as of quarter end.
These firms have modified their investment in LOW. As of the end of the quarter Shell Asset Management CO had sold a total of 13,698 shares trimming its holdings by 16.8%. The value in dollars decreased from $6,315,000 to $5,417,000 a change of 14.2% since the last quarter. Cullinan Associates Inc augmented its holdings by buying 8,156 shares an increase of 5.2% from 06/30/2017 to 09/30/2017. Cullinan Associates Inc currently owns 165,974 shares valued at $13,268,000. The total value of its holdings increased 8.4%.
Farmers & Merchants Investments Inc bolstered its position by buying 19,481 shares an increase of 12.0%. Farmers & Merchants Investments Inc claims 181,217 shares with a value of $14,486,000. The value of the position overall is up by 15.5%.
On August 24 Morgan Stanley left the stock rating at “Overweight” but moved down the price target to $81.00 from $87.00. August 24 investment analysts at Deutsche Bank made no change to the stock rating of “Buy” and raised the price target from $73.00 to $85.00.
On August 24 Credit Suisse made no change to the company rating of “Outperform” but raised the price target to $83.00 from $80.00. On August 24 the stock rating was downgraded to “Market Perform” from “Outperform” in a report issued by BMO Capital.
The company is trading down since yesterday’s close of 81.27. Lowe’s Companies, Inc. recently announced a dividend that will be paid on Wednesday the 8th of November 2017. The dividend will be $0.410 per share for the quarter or $1.64 annualized. This dividend amount will represent a yield of $2.02. The ex-dividend date will be on Monday the 24th of July 2017.
Shares of the company are trading at $80.04 which is slightly above $79.46, the 50 day moving average and which is a tad above the 200 day moving average of $79.37. The 50 day moving average was up $0.58 and the 200 day average moved up $0.67.
Lowe’s Companies, Inc.’s P/E ratio is 22.73 and the market cap of the company is 66.66B. In the latest earnings report the EPS was $3.52 and is projected to be $4.50 for the current year with 832,812,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.87 and the next full year EPS is projected to be $5.15.
Investors are feeling more bullish on shares of Lowe’s Companies, Inc. lately as indicated by the fall in short interest. The stock experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -31.00%. Short shares decreased 3,532,867 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.01% on September 29.