Spire Wealth Management Sells 27,573 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Spire Wealth Management reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 95.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,357 shares of the specialty retailer’s stock after selling 27,573 shares during the quarter. Spire Wealth Management’s holdings in Lamb Weston were worth $125,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James & Associates grew its stake in Lamb Weston by 60.0% in the 1st quarter. Raymond James & Associates now owns 31,305 shares of the specialty retailer’s stock worth $1,875,000 after acquiring an additional 11,741 shares in the last quarter. American Century Companies Inc. grew its stake in Lamb Weston by 37.5% in the first quarter. American Century Companies Inc. now owns 21,746 shares of the specialty retailer’s stock worth $1,302,000 after purchasing an additional 5,933 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Lamb Weston during the 1st quarter worth $92,000. MetLife Investment Management LLC raised its position in Lamb Weston by 28.5% during the 1st quarter. MetLife Investment Management LLC now owns 41,455 shares of the specialty retailer’s stock valued at $2,484,000 after purchasing an additional 9,184 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Lamb Weston by 158.3% in the 1st quarter. Panagora Asset Management Inc. now owns 28,927 shares of the specialty retailer’s stock worth $1,733,000 after buying an additional 17,726 shares during the period. 85.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on LW. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, January 5th. StockNews.com lowered shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Citigroup assumed coverage on Lamb Weston in a report on Thursday, February 1st. They set a “buy” rating and a $132.00 target price for the company. Finally, Wells Fargo & Company initiated coverage on Lamb Weston in a report on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $127.11.

Read Our Latest Research Report on LW

Lamb Weston Stock Performance

Shares of LW opened at $100.83 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 1.95. The firm has a market cap of $14.56 billion, a PE ratio of 13.11, a P/E/G ratio of 1.14 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12 month low of $81.25 and a 12 month high of $117.38. The stock has a fifty day moving average price of $105.25 and a 200-day moving average price of $98.83.

Lamb Weston (NYSE:LWGet Free Report) last announced its earnings results on Thursday, January 4th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a return on equity of 63.19% and a net margin of 17.71%. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. Equities research analysts predict that Lamb Weston Holdings, Inc. will post 5.94 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 2nd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, February 1st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.28. Lamb Weston’s payout ratio is currently 18.73%.

Lamb Weston Profile

(Free Report)

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.

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

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