Tpg Gp A LLC Trims Position in Lamb Weston Holdings, Inc. (NYSE:LW)

TPG GP A LLC lessened its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 986,491 shares of the specialty retailer's stock after selling 122,809 shares during the period. Lamb Weston comprises 1.1% of TPG GP A LLC's portfolio, making the stock its 19th largest holding. TPG GP A LLC owned about 0.69% of Lamb Weston worth $65,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alberta Investment Management Corp bought a new position in shares of Lamb Weston in the fourth quarter worth approximately $2,641,000. Atria Wealth Solutions Inc. bought a new position in shares of Lamb Weston in the fourth quarter worth approximately $2,850,000. Leeward Investments LLC MA lifted its position in Lamb Weston by 41.5% during the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after purchasing an additional 45,904 shares during the period. HB Wealth Management LLC lifted its position in Lamb Weston by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after purchasing an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Lamb Weston by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock valued at $82,174,000 after purchasing an additional 16,092 shares during the period. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

LW stock traded down $0.41 during midday trading on Friday, reaching $50.61. 1,911,810 shares of the company's stock traded hands, compared to its average volume of 2,650,394. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $89.51. The stock has a market cap of $7.14 billion, a P/E ratio of 20.00, a PEG ratio of 1.40 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The stock's 50-day moving average is $53.09 and its 200 day moving average is $60.83.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. The business had revenue of $1.52 billion during 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 was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. As a group, analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. 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. Jefferies Financial Group lowered their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.91.

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.