Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,440 shares of the specialty retailer’s stock after selling 271 shares during the period. Diversified Trust Co’s holdings in Lamb Weston were worth $631,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LW. City State Bank boosted its stake in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of Lamb Weston by 0.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock worth $1,214,000 after buying an additional 156 shares in the last quarter. Bridges Investment Management Inc. raised its position in shares of Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after buying an additional 181 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock worth $241,000 after buying an additional 186 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in Lamb Weston by 4.6% during the third quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock worth $297,000 after acquiring an additional 201 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of LW opened at $60.83 on Friday. The firm has a 50-day simple moving average of $73.60 and a two-hundred day simple moving average of $70.51. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $110.61. The stock has a market cap of $8.68 billion, a PE ratio of 14.28, a P/E/G ratio of 1.42 and a beta of 0.73.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the firm earned $1.45 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.43%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Analysts Set New Price Targets

A number of research firms have weighed in on LW. Bank of America raised their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Sanford C. Bernstein started coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Lamb Weston presently has an average rating of “Hold” and a consensus target price of $81.00.

Insider Buying and Selling at Lamb Weston

In related news, Director Charles A. Blixt bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the acquisition, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

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.