Atria Wealth Solutions Inc. Sells 39,392 Shares of Lamb Weston $LW

Atria Wealth Solutions Inc. decreased its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 75.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,955 shares of the specialty retailer's stock after selling 39,392 shares during the period. Atria Wealth Solutions Inc.'s holdings in Lamb Weston were worth $672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds 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% during the first quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer's stock valued at $38,547,000 after purchasing an additional 135,188 shares in the last quarter. Jump Financial LLC increased its stake in shares of Lamb Weston by 2,603.3% during the first quarter. Jump Financial LLC now owns 189,826 shares of the specialty retailer's stock valued at $10,118,000 after purchasing an additional 182,804 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Lamb Weston during the first quarter valued at approximately $1,059,000. Liberty One Investment Management LLC increased its stake in shares of Lamb Weston by 17.4% during the first quarter. Liberty One Investment Management LLC now owns 411,353 shares of the specialty retailer's stock valued at $21,925,000 after purchasing an additional 61,085 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Lamb Weston during the first quarter valued at approximately $3,847,000. Institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Up 0.1%

Shares of LW stock opened at $65.02 on Friday. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The firm's 50 day moving average is $57.82 and its 200 day moving average is $54.96. The stock has a market capitalization of $9.06 billion, a P/E ratio of 31.11, a P/E/G ratio of 4.31 and a beta of 0.52.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The company had revenue of $1.15 billion for the quarter. Research analysts expect that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be issued a $0.37 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.3%. Lamb Weston's dividend payout ratio (DPR) is currently 70.81%.

Analysts Set New Price Targets

A number of research firms have recently commented on LW. Bank of America increased their price target on shares of Lamb Weston from $60.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, October 1st. Sanford C. Bernstein set a $65.00 price target on shares of Lamb Weston and gave the company a "market perform" rating in a report on Wednesday, October 1st. Cowen reiterated a "hold" rating on shares of Lamb Weston in a report on Wednesday, October 1st. Stifel Nicolaus set a $66.00 price target on shares of Lamb Weston in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.70.

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.

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