Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 30.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,671 shares of the specialty retailer’s stock after selling 11,522 shares during the period. Corient Private Wealth LLC’s holdings in Lamb Weston were worth $1,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its position in Lamb Weston by 16.1% in the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 170 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Lamb Weston by 5.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 186 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Lamb Weston by 3.2% in the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock valued at $485,000 after purchasing an additional 227 shares during the period. Park Avenue Securities LLC boosted its holdings in Lamb Weston by 2.8% during the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock worth $595,000 after buying an additional 239 shares in the last quarter. Finally, West Oak Capital LLC grew its position in Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

LW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a research note on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. Sanford C. Bernstein assumed coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. Jefferies Financial Group lifted their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Barclays lowered their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Finally, Stifel Nicolaus reduced their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.73.

Lamb Weston Stock Up 1.6 %

LW stock opened at $53.93 on Tuesday. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $107.50. The stock has a market capitalization of $7.69 billion, a P/E ratio of 21.32, a PEG ratio of 1.40 and a beta of 0.76. The company has a 50 day moving average price of $56.20 and a two-hundred day moving average price of $66.14. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.74%. Lamb Weston’s payout ratio is currently 58.50%.

Insider Buying and Selling

In related news, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were bought at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

About Lamb Weston

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.