Dividend Worth Mentioning: Nov 2, 2016 is the day that Lowe’s Companies, Inc. (NYSE:LOW) shareholders will see dividends of $0.35?

Dividend Worth Mentioning: Nov 2, 2016 is the day that Lowe's Companies, Inc. (NYSE:LOW) shareholders will see dividends of $0.35?

Lowe’s Companies, Inc. (NYSE:LOW) is expected to pay $0.35 on Nov 2, 2016. The indicated annual dividend is $1.40. Shareholders owning the stock before Oct 17, 2016 will be eligible to receive the payout. Based on Lowe’s Companies, Inc.’s current price of $71.35, the dividend is 0.49%. This dividend’s record date is Oct 19, 2016 and the announcement date is Aug 22, 2016. The stock increased 0.35% or $0.25 on October 14, hitting $71.35. About 5.66M shares traded hands or 0.89% up from the average. Lowe’s Companies, Inc. (NYSE:LOW) has declined 1.92% since March 14, 2016 and is downtrending. It has underperformed by 7.54% the S&P500.

Lowe’s Companies, Inc. is a home improvement retailer. The company has a market cap of $62.63 billion. The Firm operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. It has a 22.92 P/E ratio. The Firm operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.12, from 0.97 in 2016Q1. The ratio worsened, as 52 funds sold all Lowe’s Companies, Inc. shares owned while 457 reduced positions. 92 funds bought stakes while 340 increased positions. They now own 632.90 million shares or 7.44% less from 683.76 million shares in 2016Q1.
Raveneur Investment Grp Inc L P has invested 4.1% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). First Financial Bank Of Omaha accumulated 6,536 shares or 0.04% of the stock. Horrell Capital Mgmt owns 27,146 shares or 1.28% of their US portfolio. Mrj Inc has 74,100 shares for 3.99% of their US portfolio. Sunbelt Secs owns 80 shares or 0% of their US portfolio. Oakworth Capital accumulated 3,296 shares or 0.1% of the stock. Great Lakes Advsrs Ltd Co accumulated 0.13% or 59,581 shares. Balyasny Asset Mgmt Ltd has 273,560 shares for 0.14% of their US portfolio. Bahl Gaynor holds 0.29% or 283,340 shares in its portfolio. Smith Asset Mgmt Group Lp has 1.9% invested in the company for 805,622 shares. Patten Incorporated has 4,840 shares for 0% of their US portfolio. Moody State Bank Tru Division accumulated 24,200 shares or 0.11% of the stock. Bell Retail Bank And last reported 0.22% of its portfolio in the stock. First American Retail Bank has 159,080 shares for 1.21% of their US portfolio. Legal And General Grp Public Limited accumulated 4.22M shares or 0.35% of the stock.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 5 insider sales for $23.60 million net activity. HULL ROBERT F JR sold 134,000 shares worth $10.69 million. $1.02M worth of shares were sold by Maltsbarger Richard D on Tuesday, May 31. 17,976 shares were sold by Hollifield Matthew V, worth $1.42M on Tuesday, May 24. Peace Nelson B had sold 27,720 shares worth $2.21 million on Monday, May 23. Another trade for 104,120 shares valued at $8.26 million was made by DAMRON RICKY D on Monday, May 23.

Lowe’s Companies, Inc. (NYSE:LOW) Ratings Coverage

Out of 15 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. $94 is the highest target while $69 is the lowest. The $84.18 average target is 17.98% above today’s ($71.35) stock price. Lowe’s Companies Inc. has been the topic of 23 analyst reports since August 19, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of LOW in a report on Thursday, November 19 with “Outperform” rating. The firm earned “Buy” rating on Thursday, November 19 by Argus Research. The rating was upgraded by Citigroup to “Buy” on Friday, May 20. The stock has “Hold” rating given by Cantor Fitzgerald on Wednesday, August 19. Cleveland downgraded Lowe’s Companies, Inc. (NYSE:LOW) on Thursday, October 6 to “Neutral” rating. The rating was initiated by Topeka Capital Markets on Tuesday, May 24 with “Hold”. The stock of Lowe’s Companies, Inc. (NYSE:LOW) earned “Overweight” rating by Atlantic Securities on Tuesday, November 24. BMO Capital Markets maintained Lowe’s Companies, Inc. (NYSE:LOW) rating on Monday, August 22. BMO Capital Markets has “Outperform” rating and $86 price target. The firm has “Buy” rating given on Thursday, August 20 by Argus Research. Longbow maintained Lowe’s Companies, Inc. (NYSE:LOW) on Friday, August 14 with “Buy” rating.

More recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Graham Holdings, Yum! Brands and Lowe’s Companies” on October 13, 2016. Also Nasdaq.com published the news titled: “Lowe’s Companies, Inc. (LOW) Ex-Dividend Date Scheduled for October 17, 2016” on October 14, 2016. Schaeffersresearch.com‘s news article titled: “Options Traders Target Home Depot Inc, Lowe’s Companies, Inc. as Hurricane …” with publication date: October 06, 2016 was also an interesting one.

LOW Company Profile

Lowe’s Companies, Inc. (Lowe’s), incorporated on August 1, 1952, is a home improvement retailer. The Firm operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Firm operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico. The Firm operates through the home improvement retail activities segment. The Firm serves homeowners, renters and professional clients (Pro customers). The Company’s retail clients consist of individual homeowners and renters. The Pro customer consists of approximately two categories, such as construction trades, and maintenance, repair and operations.

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