BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,089 shares of the specialty retailer’s stock after selling 3,565 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Lamb Weston were worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. City State Bank lifted its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Lamb Weston in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC grew its position in Lamb Weston by 135.8% during the 2nd 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. Finally, Riverview Trust Co acquired a new stake in Lamb Weston during the 3rd quarter valued at $35,000. 89.56% of the stock is owned by institutional investors and hedge funds.
Lamb Weston Stock Down 0.3 %
Shares of NYSE LW opened at $77.69 on Friday. The firm has a 50 day moving average price of $75.29 and a 200 day moving average price of $73.53. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a market cap of $11.08 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.42 and a beta of 0.70. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88.
Lamb Weston Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.85%. Lamb Weston’s dividend payout ratio is presently 33.80%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on LW. TD Cowen increased their target price on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Barclays increased their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Stifel Nicolaus boosted their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company raised their price target on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $82.50.
Get Our Latest Stock Report on Lamb Weston
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.
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