Axa SA decreases the position of shares in Lamb Weston Holdings, Inc. (NYSE:LW)

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Axa SA reduced its holdings in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 64.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,834 shares of the specialty retailer’s stock after selling 363,874 shares during the quarter. Axa SA owned approximately 0.14% of Lamb Weston worth $16,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its stake in Lamb Weston by 2.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,036 shares of the specialty retailer’s stock valued at $1,517,000 after purchasing an additional 334 shares during the last quarter. Stifel Financial Corp boosted its stake in Lamb Weston by 51.7% in the 4th quarter. Stifel Financial Corp now owns 164,922 shares of the specialty retailer’s stock valued at $17,827,000 after purchasing an additional 56,180 shares during the period. State Treasurer of North Carolina grew its position in Lamb Weston by 0.9% during the 4th quarter. State Treasurer of North Carolina now owns 66,308 shares of the specialty retailer’s stock worth $7,167,000 after buying an additional 620 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in Lamb Weston by 8,040.0% in the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after acquiring an additional 402 shares during the period. Finally, Bank of Nova Scotia boosted its holdings in shares of Lamb Weston by 31.5% in the fourth quarter. Bank of Nova Scotia now owns 17,870 shares of the specialty retailer’s stock valued at $1,932,000 after acquiring an additional 4,280 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s shares.

Insider trading at Lamb Weston

In other news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Insiders own 1.66% of the company’s shares.

The Wall Street analyst weighs in

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Several research analysts recently issued reports on LW shares. Stifel Nicolaus cut shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $60.00 in a report on Thursday, the 25th July. Citigroup boosted their price target on Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. dropped their price objective on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Bank of America upped their target price on Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Lamb Weston currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.70, according to MarketBeat.

Read our latest report on LW

Weston Lamb Stock with 0.5%

Shares of NYSE LW opened at $66.80 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29, and a quick ratio of 0.59. The company’s 50-day moving average is $62.18, and its two-hundred-day moving average is $78.52. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The company has a market cap of $9.65 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75.

Lamb Weston (NYSE:LW – Get Your Free Report ) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.71 billion. Stock analysts anticipate that Lamb Weston Holdings, Inc. will record 4.54 EPS for the current fiscal year.

Lamb Weston announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a dividend of $0.36 per share. The ex-dividend date was Friday, August 2. This represents an annualized dividend of $1.44 and a dividend yield of 2.16%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Lamb Weston profile

(Free Report)

Lamb Weston Holdings, Inc manufactures, distributes and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail and Others. Offers frozen potatoes, commercial ingredients and appetizers under the Lamb Weston brand as well as various customer labels.