Cypress Capital LLC Sells 228 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cypress Capital LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,133 shares of the home improvement retailer’s stock after selling 228 shares during the quarter. Lowe’s Companies makes up about 0.7% of Cypress Capital LLC’s investment portfolio, making the stock its 28th biggest position. Cypress Capital LLC’s holdings in Lowe’s Companies were worth $2,501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the third quarter valued at about $27,000. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at about $25,000. JNBA Financial Advisors grew its position in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Winch Advisory Services LLC grew its position in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. Finally, Financial Life Planners purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at about $45,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $238.93 on Friday. The firm has a 50-day simple moving average of $253.31 and a two-hundred day simple moving average of $258.58. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company has a market cap of $134.91 billion, a P/E ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Royal Bank of Canada raised their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI lifted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $282.96.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.