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

Delta Investment Management LLC cut its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 34.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 hedge funds have also bought and sold shares of the company. Woodline Partners LP purchased a new position in Lamb Weston during the fourth quarter valued at approximately $12,482,000. Soviero Asset Management LP bought a new stake in shares of Lamb Weston during the 4th quarter valued at $3,342,000. State of Wyoming lifted its stake in shares of Lamb Weston by 60.6% during the 4th quarter. State of Wyoming now owns 3,357 shares of the specialty retailer's stock valued at $224,000 after buying an additional 1,267 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in Lamb Weston by 8.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,393 shares of the specialty retailer's stock worth $227,000 after buying an additional 256 shares during the period. Finally, Siemens Fonds Invest GmbH bought a new position in Lamb Weston in the 4th quarter worth $823,000. Institutional investors own 89.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LW shares. Wells Fargo & Company lowered their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Barclays lowered their price target on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Lamb Weston currently has an average rating of "Hold" and a consensus price target of $69.91.

Lamb Weston Price Performance

Shares of NYSE LW traded down $0.41 during mid-day trading on Friday, hitting $50.61. 1,911,810 shares of the company's stock traded hands, compared to its average volume of 2,654,218. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.23. The company's 50-day moving average is $53.09 and its two-hundred day moving average is $60.69. The company has a market capitalization of $7.14 billion, a P/E ratio of 20.00, a PEG ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. On average, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

Lamb Weston 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.