8,323 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Advisor OS LLC

Advisor OS LLC purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,323 shares of the specialty retailer’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LW. South Dakota Investment Council raised its stake in Lamb Weston by 2.1% during the 4th quarter. South Dakota Investment Council now owns 106,910 shares of the specialty retailer’s stock valued at $7,145,000 after purchasing an additional 2,200 shares during the period. Leeward Investments LLC MA grew its holdings in Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after buying an additional 45,904 shares in the last quarter. Fisher Funds Management LTD bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $1,647,000. Advantage Trust Co purchased a new position in shares of Lamb Weston in the fourth quarter worth $53,000. Finally, Alberta Investment Management Corp bought a new position in shares of Lamb Weston during the fourth quarter worth $2,641,000. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Up 0.2 %

Shares of LW opened at $51.86 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 52-week low of $50.93 and a 52-week high of $107.50. The company has a market cap of $7.40 billion, a PE ratio of 20.50, a P/E/G ratio of 1.40 and a beta of 0.72. The business has a fifty day moving average of $61.00 and a 200 day moving average of $67.42.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.37 per share. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.85%. Lamb Weston’s dividend payout ratio is currently 58.50%.

Analysts Set New Price Targets

A number of analysts have issued reports on LW shares. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a report on Monday. Barclays reduced their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Jefferies Financial Group increased their price target on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein started coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.00.

Insider Transactions at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the stock in a transaction on Monday, January 13th. The stock was bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles A. Blixt bought 1,200 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares in the company, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

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.