Blair William & Co. IL Has $33.25 Million Stock Position in Lancaster Colony Co. (NASDAQ:LANC)

Blair William & Co. IL grew its position in Lancaster Colony Co. (NASDAQ:LANC - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,051 shares of the company's stock after purchasing an additional 5,916 shares during the period. Blair William & Co. IL owned about 0.70% of Lancaster Colony worth $33,252,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in shares of Lancaster Colony during the 4th quarter worth about $38,000. GAMMA Investing LLC boosted its position in shares of Lancaster Colony by 56.4% in the fourth quarter. GAMMA Investing LLC now owns 280 shares of the company's stock valued at $48,000 after acquiring an additional 101 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Lancaster Colony by 1,078.9% in the fourth quarter. Farther Finance Advisors LLC now owns 448 shares of the company's stock worth $78,000 after acquiring an additional 410 shares during the last quarter. KBC Group NV increased its position in Lancaster Colony by 80.4% during the fourth quarter. KBC Group NV now owns 893 shares of the company's stock worth $155,000 after acquiring an additional 398 shares during the period. Finally, Blue Trust Inc. raised its stake in Lancaster Colony by 62.1% during the 4th quarter. Blue Trust Inc. now owns 932 shares of the company's stock valued at $165,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 66.44% of the company's stock.

Insider Buying and Selling

In other Lancaster Colony news, CEO David Alan Ciesinski sold 17,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $191.19, for a total transaction of $3,250,230.00. Following the completion of the sale, the chief executive officer now directly owns 54,644 shares in the company, valued at $10,447,386.36. This trade represents a 23.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 29.50% of the stock is currently owned by corporate insiders.

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Lancaster Colony Stock Performance

NASDAQ:LANC traded up $2.95 during mid-day trading on Tuesday, hitting $177.95. The company had a trading volume of 39,530 shares, compared to its average volume of 134,100. The firm has a market cap of $4.91 billion, a P/E ratio of 31.27 and a beta of 0.31. Lancaster Colony Co. has a fifty-two week low of $163.20 and a fifty-two week high of $207.05. The business's fifty day moving average is $182.87 and its two-hundred day moving average is $181.35.

Lancaster Colony (NASDAQ:LANC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.28. The firm had revenue of $509.30 million during the quarter, compared to analyst estimates of $495.43 million. Lancaster Colony had a net margin of 8.26% and a return on equity of 19.51%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 EPS. Equities analysts forecast that Lancaster Colony Co. will post 6.8 earnings per share for the current year.

Lancaster Colony Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $0.95 dividend. The ex-dividend date was Friday, March 7th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.14%. Lancaster Colony's payout ratio is 66.78%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LANC. DA Davidson lifted their price target on shares of Lancaster Colony from $192.00 to $207.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. StockNews.com upgraded shares of Lancaster Colony from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Stephens raised their price objective on shares of Lancaster Colony from $196.00 to $200.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $211.33.

Lancaster Colony Profile

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.