Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 30.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,671 shares of the specialty retailer’s stock after selling 11,522 shares during the quarter. Corient Private Wealth LLC’s holdings in Lamb Weston were worth $1,782,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its position in Lamb Weston by 323.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 55,940 shares of the specialty retailer’s stock valued at $3,738,000 after purchasing an additional 42,740 shares during the period. Natixis Advisors LLC grew its stake in shares of Lamb Weston by 19.2% in the fourth quarter. Natixis Advisors LLC now owns 201,249 shares of the specialty retailer’s stock valued at $13,449,000 after buying an additional 32,400 shares in the last quarter. Ironwood Investment Counsel LLC purchased a new stake in shares of Lamb Weston during the 4th quarter valued at about $224,000. First National Trust Co lifted its position in Lamb Weston by 4.4% during the 4th quarter. First National Trust Co now owns 32,046 shares of the specialty retailer’s stock worth $2,142,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new position in Lamb Weston in the 4th quarter worth approximately $615,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE LW opened at $53.93 on Tuesday. The business has a 50 day simple moving average of $56.20 and a 200-day simple moving average of $66.14. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $107.50. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.74%. Lamb Weston’s payout ratio is currently 58.50%.

Analyst Ratings Changes

A number of analysts have recently issued reports on LW shares. JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a research note on Thursday, December 12th. They set a “hold” rating and a $81.00 target price for the company. Stifel Nicolaus cut their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $76.73.

Insider Activity

In related news, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the acquisition, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.