Corient Private Wealth LLC decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,671 shares of the specialty retailer's stock after selling 11,522 shares during the period. Corient Private Wealth LLC's holdings in Lamb Weston were worth $1,782,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of LW. West Oak Capital LLC lifted its holdings in shares of Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 274 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Lamb Weston during the fourth quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in Lamb Weston in the fourth quarter valued at $36,000. Brooklyn Investment Group acquired a new stake in Lamb Weston in the 3rd quarter valued at about $40,000. Finally, Larson Financial Group LLC grew its holdings in Lamb Weston by 614.4% during the third quarter. Larson Financial Group LLC now owns 693 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 596 shares during the period. 89.56% of the stock is owned by institutional investors.
Lamb Weston Stock Performance
Lamb Weston stock traded down $0.96 during mid-day trading on Tuesday, reaching $52.97. 1,556,264 shares of the company's stock were exchanged, compared to its average volume of 2,738,442. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $7.56 billion, a PE ratio of 20.94, a P/E/G ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $107.50. The business's fifty day simple moving average is $56.20 and its 200 day simple moving average is $66.14.
Lamb Weston Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is currently 58.50%.
Insider Transactions at Lamb Weston
In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, the director now directly owns 26,406 shares of the company's stock, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on LW shares. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Stifel Nicolaus lowered their price target on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Finally, Barclays dropped their price target on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $76.73.
Read Our Latest Report on LW
About Lamb Weston
(
Free Report)
Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
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