UNIVEST FINANCIAL Corp Has $1.33 Million Stock Holdings in Lamb Weston (NYSE:LW)

UNIVEST FINANCIAL Corp decreased its position in Lamb Weston (NYSE:LW) by 6.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,036 shares of the specialty retailer’s stock after selling 1,765 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Lamb Weston were worth $1,334,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Lamb Weston by 23.0% in the first quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer’s stock valued at $38,547,000 after buying an additional 135,188 shares in the last quarter. Atlas FRM LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at $20,383,000. Soviero Asset Management LP acquired a new stake in shares of Lamb Weston in the fourth quarter valued at $3,342,000. Siemens Fonds Invest GmbH acquired a new stake in shares of Lamb Weston in the fourth quarter valued at $823,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Lamb Weston in the first quarter valued at $1,059,000. Institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

LW has been the subject of a number of research reports. Barclays raised their target price on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Wells Fargo & Company raised their target price on Lamb Weston from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a “hold” rating in a research note on Thursday, April 24th. Wall Street Zen upgraded Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Jefferies Financial Group lowered their price objective on Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average price target of $67.40.

Lamb Weston Price Performance

Lamb Weston stock opened at $55.97 on Friday. The firm has a market capitalization of $7.80 billion, a P/E ratio of 22.30, a PEG ratio of 2.11 and a beta of 0.49. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The business has a 50-day moving average of $53.88 and a 200-day moving average of $54.39. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12.

Lamb Weston (NYSE:LW) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.23. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. On average, equities analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, August 1st. Lamb Weston’s payout ratio is presently 58.96%.

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.