Cwm LLC Acquires 1,034 Shares of Lamb Weston $LW

Cwm LLC raised its holdings in shares of Lamb Weston (NYSE:LW) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,895 shares of the specialty retailer’s stock after acquiring an additional 1,034 shares during the quarter. Cwm LLC’s holdings in Lamb Weston were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Lamb Weston by 23.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer’s stock valued at $38,547,000 after acquiring an additional 135,188 shares during the period. Jump Financial LLC raised its holdings in Lamb Weston by 2,603.3% during the 1st quarter. Jump Financial LLC now owns 189,826 shares of the specialty retailer’s stock valued at $10,118,000 after acquiring an additional 182,804 shares during the period. Teacher Retirement System of Texas bought a new stake in Lamb Weston during the 1st quarter valued at $1,059,000. Liberty One Investment Management LLC grew its position in shares of Lamb Weston by 17.4% during the 1st quarter. Liberty One Investment Management LLC now owns 411,353 shares of the specialty retailer’s stock valued at $21,925,000 after purchasing an additional 61,085 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Lamb Weston during the 1st quarter valued at $3,847,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.1%

Shares of NYSE:LW opened at $65.02 on Monday. Lamb Weston has a 52-week low of $47.87 and a 52-week high of $83.98. The firm has a fifty day moving average of $57.82 and a 200 day moving average of $54.93. The firm has a market capitalization of $9.06 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 4.31 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.77 and a current ratio of 1.49.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The company had revenue of $1.15 billion during the quarter. As a group, research analysts anticipate that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio is presently 70.81%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LW. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Cowen restated a “hold” rating on shares of Lamb Weston in a research report on Wednesday, October 1st. Barclays boosted their price target on shares of Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They set a “neutral” rating and a $57.00 price target for the company. Finally, Wells Fargo & Company boosted their price target on shares of Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and an average price target of $65.70.

Lamb Weston Profile

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.