Argyle Capital Management Inc. lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 6.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,374 shares of the specialty retailer’s stock after selling 600 shares during the period. Argyle Capital Management Inc.’s holdings in Lamb Weston were worth $1,013,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of LW. VisionPoint Advisory Group LLC grew its position in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 161 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Lamb Weston during the 4th quarter valued at about $51,000. FinTrust Capital Advisors LLC boosted its position in shares of Lamb Weston by 24.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 114 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Lamb Weston by 17.6% during the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 162 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Lamb Weston by 300.6% during the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 971 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.
Lamb Weston Stock Up 0.4 %
LW traded up $0.35 on Friday, reaching $83.85. 2,462,698 shares of the company traded hands, compared to its average volume of 4,422,213. The stock’s 50 day moving average price is $95.51 and its 200-day moving average price is $98.51. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.37 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52.
Lamb Weston Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Bank of America dropped their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Stifel Nicolaus dropped their target price on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Moderate Buy” and an average price target of $117.40.
Get Our Latest Report on Lamb Weston
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.
Featured Stories
- Five stocks we like better than Lamb Weston
- How to Invest in Blue Chip Stocks
- Snap Crackles and Pops on Surprise Profit and Raised Guidance
- What is the S&P 500 and How It is Distinct from Other Indexes
- MarketBeat Week in Review – 4/22 – 4/26
- Low PE Growth Stocks: Unlocking Investment Opportunities
- 3 Stocks Leading the U.S. Agriculture Comeback
Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings, Inc. (NYSE:LW – Free Report).
Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.