E. Ohman J or Asset Management AB Trims Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

E. Ohman J or Asset Management AB lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 98.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,100 shares of the specialty retailer's stock after selling 310,870 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Lamb Weston were worth $395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares 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 acquiring an additional 174 shares in the last quarter. EntryPoint Capital LLC bought a new position in Lamb Weston in the 1st quarter worth about $28,000. Redmont Wealth Advisors LLC purchased a new position in Lamb Weston during the 1st quarter valued at about $32,000. Crewe Advisors LLC increased its position in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer's stock valued at $28,000 after buying an additional 261 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 220 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Down 0.6 %

Shares of NYSE LW traded down $0.46 during midday trading on Friday, reaching $76.92. The company had a trading volume of 2,568,293 shares, compared to its average volume of 2,555,832. The stock has a market cap of $10.97 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The firm's fifty day moving average price is $66.77 and its 200-day moving average price is $74.51. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The business's revenue was down .7% on a year-over-year basis. On average, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. Lamb Weston's payout ratio is presently 33.80%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America upped their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Wells Fargo & Company boosted their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. Stifel Nicolaus boosted their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Finally, Consumer Edge cut Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $82.22.

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.