Raymond James Financial Services Advisors Inc. Decreases Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Raymond James Financial Services Advisors Inc. lowered its position in shares of Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) by 26.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,501 shares of the specialty retailer’s stock after selling 6,412 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Lamb Weston were worth $1,354,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Lamb Weston by 1.2% during the first quarter. Vanguard Group Inc. now owns 16,085,009 shares of the specialty retailer’s stock worth $963,653,000 after purchasing an additional 198,274 shares during the period. State Street Corp increased its holdings in Lamb Weston by 3.4% during the 1st quarter. State Street Corp now owns 5,224,012 shares of the specialty retailer’s stock valued at $312,971,000 after purchasing an additional 172,399 shares during the period. TPG GP A LLC raised its position in Lamb Weston by 64.7% during the 2nd quarter. TPG GP A LLC now owns 5,144,379 shares of the specialty retailer’s stock valued at $367,617,000 after purchasing an additional 2,021,259 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Lamb Weston by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 3,606,920 shares of the specialty retailer’s stock worth $257,750,000 after buying an additional 30,592 shares during the period. Finally, Invesco Ltd. grew its position in shares of Lamb Weston by 13.1% in the 1st quarter. Invesco Ltd. now owns 2,025,493 shares of the specialty retailer’s stock worth $121,348,000 after buying an additional 235,014 shares during the last quarter. Institutional investors own 89.87% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE LW opened at $95.64 on Friday. The company has a debt-to-equity ratio of 4.71, a quick ratio of 1.07 and a current ratio of 1.96. The company has a 50 day simple moving average of $88.99 and a two-hundred day simple moving average of $83.05. Lamb Weston Holdings, Inc. has a fifty-two week low of $49.71 and a fifty-two week high of $100.77. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 0.84 and a beta of 0.51.

Lamb Weston (NYSE:LWGet Rating) last announced its quarterly earnings data on Thursday, January 5th. The specialty retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.54. Lamb Weston had a return on equity of 107.83% and a net margin of 10.50%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Analysts expect that Lamb Weston Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.28 per share. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 30.06%.

Insiders Place Their Bets

In related news, SVP Eryk J. Spytek sold 19,080 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $88.22, for a total value of $1,683,237.60. Following the completion of the transaction, the senior vice president now directly owns 41,312 shares in the company, valued at approximately $3,644,544.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Lamb Weston news, SVP Eryk J. Spytek sold 19,080 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $88.22, for a total value of $1,683,237.60. Following the completion of the transaction, the senior vice president now owns 41,312 shares of the company’s stock, valued at approximately $3,644,544.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sharon L. Miller sold 5,000 shares of Lamb Weston stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $100.00, for a total transaction of $500,000.00. Following the completion of the sale, the senior vice president now owns 54,117 shares of the company’s stock, valued at $5,411,700. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,514 shares of company stock valued at $4,100,600. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LW shares. StockNews.com downgraded Lamb Weston from a “buy” rating to a “hold” rating in a report on Friday, December 16th. JPMorgan Chase & Co. raised their target price on shares of Lamb Weston from $101.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, January 6th. Stifel Nicolaus increased their price target on shares of Lamb Weston from $90.00 to $107.00 in a research note on Friday, January 6th. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research report on Wednesday, October 5th. Finally, The Goldman Sachs Group increased their target price on Lamb Weston from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average price target of $96.80.

Lamb Weston Company Profile

(Get Rating)

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.

Featured Articles

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:LWGet Rating).

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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.