Commonwealth Equity Services LLC Has $3.41 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Commonwealth Equity Services LLC grew its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 123.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,552 shares of the specialty retailer's stock after acquiring an additional 22,409 shares during the period. Commonwealth Equity Services LLC's holdings in Lamb Weston were worth $3,410,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WFA Asset Management Corp lifted its position in shares of Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 174 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Lamb Weston during the first quarter worth about $28,000. Redmont Wealth Advisors LLC bought a new position in shares of Lamb Weston during the first quarter worth about $32,000. Crewe Advisors LLC lifted its holdings in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 261 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 220 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen acquired 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares of the company's stock, valued at $9,610,287.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by insiders.

Lamb Weston Price Performance

Shares of LW stock traded down $0.10 during trading hours on Wednesday, reaching $62.57. 1,406,488 shares of the company were exchanged, compared to its average volume of 2,498,055. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock's fifty day moving average is $65.89 and its two-hundred day moving average is $81.55. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 6.00 and a beta of 0.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.46). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. Sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston's payout ratio is presently 19.23%.

Wall Street Analysts Forecast Growth

LW has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Lamb Weston from $98.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on shares of Lamb Weston from $108.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, July 25th. Barclays dropped their price target on shares of Lamb Weston from $96.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group dropped their price target on shares of Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Finally, Stifel Nicolaus lowered shares of Lamb Weston from a "buy" rating to a "hold" rating and lowered their price objective for the company from $115.00 to $60.00 in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of "Moderate Buy" and an average price target of $87.70.

Lamb Weston Profile

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.