Korea Investment CORP acquired a new stake in shares of Lamb Weston Holdings Inc (NYSE:LW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 47,700 shares of the specialty retailer’s stock, valued at approximately $3,509,000.
A number of other hedge funds also recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in shares of Lamb Weston by 62.4% in the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Sun Life Financial INC bought a new stake in shares of Lamb Weston in the 4th quarter worth $30,000. Guardian Life Insurance Co. of America bought a new stake in shares of Lamb Weston in the 4th quarter worth $30,000. Timber Creek Capital Management LLC increased its holdings in shares of Lamb Weston by 143.5% in the 4th quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 310 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Lamb Weston by 4,768.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 2,749,828 shares in the last quarter. 82.12% of the stock is owned by institutional investors.
Shares of LW opened at $68.19 on Friday. Lamb Weston Holdings Inc has a one year low of $54.04 and a one year high of $83.86. The firm has a market capitalization of $10.23 billion, a P/E ratio of 25.64, a PEG ratio of 1.90 and a beta of -0.19.
Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, January 4th. The specialty retailer reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The company had revenue of $911.40 million during the quarter, compared to analyst estimates of $897.08 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Lamb Weston’s revenue was up 10.5% compared to the same quarter last year. On average, analysts forecast that Lamb Weston Holdings Inc will post 3.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s payout ratio is presently 30.08%.
LW has been the subject of a number of research analyst reports. Bank of America lowered Lamb Weston from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $85.00 in a report on Thursday, November 15th. Jefferies Financial Group set a $85.00 price objective on Lamb Weston and gave the stock a “buy” rating in a report on Friday, January 4th. Barclays lifted their price objective on Lamb Weston from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, January 7th. Stifel Nicolaus raised Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, January 22nd. Finally, Daiwa Capital Markets began coverage on Lamb Weston in a report on Wednesday, February 27th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.14.
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.
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