Cibc World Market Inc. bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,713 shares of the specialty retailer’s stock, valued at approximately $265,000.
Several other large investors have also made changes to their positions in the company. Parallel Advisors LLC raised its position in Lamb Weston by 12.1% in the second quarter. Parallel Advisors LLC now owns 1,379 shares of the specialty retailer’s stock valued at $99,000 after purchasing an additional 149 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Lamb Weston by 1.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 10,209 shares of the specialty retailer’s stock valued at $730,000 after buying an additional 152 shares during the period. FDx Advisors Inc. raised its holdings in shares of Lamb Weston by 3.6% during the 2nd quarter. FDx Advisors Inc. now owns 4,586 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 160 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Lamb Weston by 7.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 165 shares during the period. Finally, Hartford Investment Management Co. raised its holdings in shares of Lamb Weston by 1.2% during the 2nd quarter. Hartford Investment Management Co. now owns 13,843 shares of the specialty retailer’s stock valued at $989,000 after buying an additional 165 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.
Lamb Weston Price Performance
LW stock opened at $86.40 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 5.29. Lamb Weston Holdings, Inc. has a 52-week low of $49.71 and a 52-week high of $88.04. The stock’s 50 day moving average is $82.20 and its two-hundred day moving average is $76.35. The company has a market capitalization of $12.43 billion, a PE ratio of 31.19, a P/E/G ratio of 1.06 and a beta of 0.54.
Lamb Weston Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 4th will be issued a $0.245 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.13%. Lamb Weston’s dividend payout ratio (DPR) is 35.38%.
Analysts Set New Price Targets
LW has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Lamb Weston from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 12th. Bank of America raised their target price on Lamb Weston from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, October 6th. Stifel Nicolaus raised their target price on Lamb Weston from $82.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 6th. JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $98.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, October 6th. Finally, TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a report on Wednesday, October 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Lamb Weston presently has an average rating of “Moderate Buy” and an average target price of $88.20.
In other news, SVP Sharon L. Miller sold 4,678 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $85.00, for a total value of $397,630.00. Following the completion of the sale, the senior vice president now directly owns 59,678 shares in the company, valued at approximately $5,072,630. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.80% of the company’s stock.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
- Get a free copy of the StockNews.com research report on Lamb Weston (LW)
- Three CBD Stocks to Dominate a Budding Industry
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Institutional Support for Analog Devices Remains High
- Microsoft Shares: Is it Time to Back Up the Truck?
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.