Philadelphia Trust Co. Sells 12,915 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Philadelphia Trust Co. trimmed its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,132 shares of the specialty retailer's stock after selling 12,915 shares during the period. Philadelphia Trust Co.'s holdings in Lamb Weston were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock valued at $1,112,511,000 after purchasing an additional 58,066 shares during the period. Boston Partners lifted its stake in Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after buying an additional 735,901 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lamb Weston by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock valued at $229,065,000 after buying an additional 48,548 shares during the period. Invesco Ltd. increased its position in shares of Lamb Weston by 6.2% during the fourth quarter. Invesco Ltd. now owns 3,226,695 shares of the specialty retailer's stock worth $215,640,000 after acquiring an additional 187,058 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Lamb Weston during the fourth quarter worth $96,736,000. 89.56% of the stock is currently owned by institutional investors.

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Lamb Weston Stock Performance

Lamb Weston stock traded down $1.37 during midday trading on Tuesday, reaching $54.61. 1,439,438 shares of the company's stock were exchanged, compared to its average volume of 2,692,134. The stock's 50-day simple moving average is $54.27 and its 200 day simple moving average is $64.95. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $1.20 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.71%. Lamb Weston's dividend payout ratio (DPR) is currently 58.04%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LW. Jefferies Financial Group lowered their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Stifel Nicolaus cut their price objective on shares of Lamb Weston from $68.00 to $63.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $71.27.

About Lamb Weston

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.