Delta Investment Management LLC Sells 6,908 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Delta Investment Management LLC lessened its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,259 shares of the specialty retailer’s stock after selling 6,908 shares during the period. Delta Investment Management LLC’s holdings in Lamb Weston were worth $886,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in shares of Lamb Weston during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Lamb Weston during the 4th quarter valued at $36,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Lamb Weston during the 4th quarter worth $47,000. Advantage Trust Co bought a new position in shares of Lamb Weston in the fourth quarter worth $53,000. Finally, CoreFirst Bank & Trust acquired a new position in Lamb Weston in the fourth quarter valued at about $78,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Down 0.6%

Lamb Weston stock opened at $53.52 on Tuesday. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The firm’s fifty day moving average price is $53.08 and its two-hundred day moving average price is $61.33. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $89.51. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. On average, equities research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.77%. Lamb Weston’s dividend payout ratio (DPR) is currently 58.04%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays decreased their target price on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a “hold” rating in a research note on Thursday, April 24th. Jefferies Financial Group reduced their target price on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, April 11th. StockNews.com raised Lamb Weston from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.91.

Lamb Weston Company Profile

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.