Lowe’s Companies, Inc. (NYSE:LOW) Stake Reduced by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,118 shares of the home improvement retailer’s stock after selling 180 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in Lowe’s Companies were worth $276,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the 3rd quarter worth about $27,000. Winch Advisory Services LLC increased its stake in shares of Lowe’s Companies by 56.4% in 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 during the period. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $31,000. Finally, JNBA Financial Advisors boosted 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 worth $32,000 after buying an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Mizuho boosted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, DA Davidson increased their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $282.96.

Lowe’s Companies Stock Up 2.2 %

Shares of NYSE:LOW opened at $242.33 on Wednesday. The company has a market cap of $136.83 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The company’s fifty day moving average is $252.53 and its two-hundred day moving average is $258.94. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies Company Profile

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.