Lamb Weston Holdings Inc (LW) Shares Sold by US Bancorp DE

Share on StockTwits

US Bancorp DE decreased its stake in Lamb Weston Holdings Inc (NYSE:LW) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,717 shares of the specialty retailer’s stock after selling 4,925 shares during the period. US Bancorp DE’s holdings in Lamb Weston were worth $9,421,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LW. MUFG Securities EMEA plc acquired a new position in Lamb Weston during the fourth quarter valued at approximately $13,793,000. Weiss Multi Strategy Advisers LLC acquired a new stake in Lamb Weston in the fourth quarter worth about $625,000. United Services Automobile Association lifted its holdings in Lamb Weston by 108.0% in the fourth quarter. United Services Automobile Association now owns 46,898 shares of the specialty retailer’s stock worth $3,450,000 after purchasing an additional 24,347 shares during the period. Timber Creek Capital Management LLC raised its position in Lamb Weston by 143.5% in the fourth quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 310 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Lamb Weston by 9.3% in the fourth quarter. Legal & General Group Plc now owns 748,195 shares of the specialty retailer’s stock worth $55,037,000 after acquiring an additional 63,937 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

Lamb Weston stock traded down $0.95 during midday trading on Friday, hitting $62.13. The company’s stock had a trading volume of 2,018,143 shares, compared to its average volume of 1,724,652. Lamb Weston Holdings Inc has a 12 month low of $61.92 and a 12 month high of $83.86. The stock has a market cap of $9.56 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.73 and a beta of -0.26.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 EPS for the quarter, topping the consensus estimate of $0.82 by $0.13. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The firm had revenue of $926.80 million for the quarter, compared to analysts’ expectations of $898.46 million. During the same period in the previous year, the business earned $0.91 earnings per share. Lamb Weston’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Lamb Weston Holdings Inc will post 3.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.80 annualized dividend and a yield of 1.29%. Lamb Weston’s payout ratio is presently 30.08%.

LW has been the topic of several research reports. Bank of America upgraded shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, April 4th. Stifel Nicolaus boosted their price target on shares of Lamb Weston from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Daiwa Capital Markets initiated coverage on shares of Lamb Weston in a research report on Wednesday, February 27th. They issued an “outperform” rating on the stock. Finally, Consumer Edge initiated coverage on shares of Lamb Weston in a research report on Friday, March 22nd. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $83.40.

COPYRIGHT VIOLATION NOTICE: “Lamb Weston Holdings Inc (LW) Shares Sold by US Bancorp DE” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/4353299/lamb-weston-holdings-inc-lw-shares-sold-by-us-bancorp-de.html.

About Lamb Weston

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, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Read More: Bull Market

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:LW).

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.



Latest News

Barry Zwarenstein Sells 7,663 Shares of Five9 Inc  Stock
Barry Zwarenstein Sells 7,663 Shares of Five9 Inc Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc  Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc Stock
Insider Selling: Neogen Co.  Director Sells 5,000 Shares of Stock
Insider Selling: Neogen Co. Director Sells 5,000 Shares of Stock
Neogen Co.  Director Sells $314,650.00 in Stock
Neogen Co. Director Sells $314,650.00 in Stock
Insider Selling: Airgain Inc  CEO Sells 22,464 Shares of Stock
Insider Selling: Airgain Inc CEO Sells 22,464 Shares of Stock
Insider Selling: Bottomline Technologies  Insider Sells 9,925 Shares of Stock
Insider Selling: Bottomline Technologies Insider Sells 9,925 Shares of Stock


© 2006-2019 Ticker Report