OneAscent Financial Services LLC lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,494 shares of the specialty retailer’s stock after purchasing an additional 407 shares during the period. OneAscent Financial Services LLC’s holdings in Lamb Weston were worth $590,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of LW. NuWave Investment Management LLC acquired a new position in Lamb Weston in the 3rd quarter valued at about $26,000. Biltmore Capital Advisors LLC acquired a new position in Lamb Weston in the 3rd quarter valued at about $35,000. Northwest Investment Counselors LLC acquired a new position in Lamb Weston in the 3rd quarter valued at about $44,000. Old North State Trust LLC acquired a new position in Lamb Weston in the 3rd quarter valued at about $63,000. Finally, Signaturefd LLC increased its position in Lamb Weston by 64.2% in the 3rd quarter. Signaturefd LLC now owns 1,087 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 425 shares during the period. Institutional investors and hedge funds own 81.34% of the company’s stock.
Several brokerages recently issued reports on LW. TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a research report on Wednesday, October 7th. Zacks Investment Research upgraded Lamb Weston from a “sell” rating to a “hold” rating and set a $76.00 target price on the stock in a research report on Thursday, October 8th. JPMorgan Chase & Co. upgraded Lamb Weston from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $89.00 in a research report on Monday, December 7th. Bank of America boosted their target price on Lamb Weston from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Finally, BidaskClub cut Lamb Weston from a “hold” rating to a “sell” rating in a research report on Thursday, January 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.00.
Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Wednesday, January 6th. The specialty retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Lamb Weston had a return on equity of 130.91% and a net margin of 9.24%. The company had revenue of $896.10 million for the quarter, compared to analyst estimates of $890.13 million. During the same quarter in the prior year, the company posted $0.95 EPS. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 2.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 5th. Shareholders of record on Friday, February 5th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 4th. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.23. Lamb Weston’s dividend payout ratio is currently 36.80%.
Lamb Weston Company Profile
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.
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