Dai ichi Life Insurance Company Ltd Sells 10,000 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Dai ichi Life Insurance Company Ltd trimmed its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 47.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,134 shares of the specialty retailer's stock after selling 10,000 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Lamb Weston were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp boosted its position in Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Lamb Weston during the first quarter worth approximately $28,000. Crewe Advisors LLC increased 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 purchasing an additional 261 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Lamb Weston in the first quarter worth approximately $32,000. Finally, GAMMA Investing LLC lifted its stake in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer's stock valued at $32,000 after buying an additional 220 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Up 1.4 %

NYSE:LW traded up $0.93 during trading hours on Tuesday, hitting $65.69. 1,792,549 shares of the company traded hands, compared to its average volume of 2,477,423. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The company has a market cap of $9.49 billion, a PE ratio of 8.77, a PEG ratio of 5.96 and a beta of 0.75. The firm's 50-day simple moving average is $64.21 and its 200-day simple moving average is $80.23.

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

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, August 2nd. Lamb Weston's payout ratio is 19.23%.

Insider Buying and Selling

In related news, Director William G. Jurgensen purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the acquisition, the director now owns 173,377 shares of the company's stock, valued at $9,610,287.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LW has been the subject of several recent analyst reports. Stifel Nicolaus downgraded shares of Lamb Weston from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. Consumer Edge downgraded shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. The Goldman Sachs Group dropped their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on Lamb Weston from $108.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, July 25th. Finally, Citigroup decreased their price objective on Lamb Weston from $106.00 to $104.00 and set a "buy" rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.20.

Lamb Weston Company 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.