Steward Partners Investment Advisory LLC Sells 130 Shares of Lamb Weston Holdings Inc (NYSE:LW)

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Steward Partners Investment Advisory LLC lowered its stake in Lamb Weston Holdings Inc (NYSE:LW) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,186 shares of the specialty retailer’s stock after selling 130 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Lamb Weston were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Kavar Capital Partners LLC bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $25,000. TRUE Private Wealth Advisors bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $28,000. Gradient Investments LLC bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $32,000. Coastal Investment Advisors Inc. boosted its position in shares of Lamb Weston by 4,046.2% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 539 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 526 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

NYSE:LW traded up $2.06 during mid-day trading on Wednesday, reaching $78.92. The stock had a trading volume of 599,938 shares, compared to its average volume of 780,367. The firm has a 50 day moving average price of $75.60 and a two-hundred day moving average price of $68.46. The stock has a market capitalization of $11.35 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.93 and a beta of 0.18. Lamb Weston Holdings Inc has a one year low of $58.83 and a one year high of $83.86. The company has a debt-to-equity ratio of 23.94, a quick ratio of 0.81 and a current ratio of 1.68.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Wednesday, October 2nd. The specialty retailer reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The business had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $971.45 million. Lamb Weston had a negative return on equity of 1,426.55% and a net margin of 12.44%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. Research analysts forecast that Lamb Weston Holdings Inc will post 3.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.01%. Lamb Weston’s dividend payout ratio (DPR) is currently 24.84%.

In other news, VP Bernadette M. Madarieta sold 1,320 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $75.59, for a total transaction of $99,778.80. Following the transaction, the vice president now directly owns 14,777 shares of the company’s stock, valued at $1,116,993.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is owned by insiders.

A number of analysts recently weighed in on LW shares. Barclays set a $83.00 target price on Lamb Weston and gave the stock a “buy” rating in a research report on Friday, November 1st. TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a research report on Monday, October 28th. Stifel Nicolaus set a $81.00 target price on Lamb Weston and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 target price for the company in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $75.71.

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.

Further Reading: Fundamental Analysis

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

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