Philadelphia Trust Co. Trims Stock Position in Lamb Weston $LW

Key Points

• Philadelphia Trust Co. has reduced its stake in Lamb Weston by 42.2% during the first quarter, selling 6,384 shares and retaining a total of 8,748 shares valued at $466,000.
• Other institutional investors have increased their holdings in Lamb Weston, with American Century Companies Inc. raising its stake by 155.7%, now owning 131,165 shares valued at $6.99 million.
• Lamb Weston has declared a quarterly dividend of $0.37 per share, with an annualized dividend yield of 2.7%, to be paid on August 29th.

Philadelphia Trust Co. reduced its position in shares of Lamb Weston (NYSE:LW - Free Report) by 42.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,748 shares of the specialty retailer's stock after selling 6,384 shares during the period. Philadelphia Trust Co.'s holdings in Lamb Weston were worth $466,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Putney Financial Group LLC bought a new stake in shares of Lamb Weston during the 4th quarter worth $34,000. Wayfinding Financial LLC bought a new stake in shares of Lamb Weston during the 1st quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Lamb Weston during the 1st quarter valued at $28,000. Whipplewood Advisors LLC boosted its holdings in Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 520 shares during the period. Finally, CX Institutional bought a new stake in Lamb Weston in the 1st quarter valued at $48,000. 89.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of recent research reports. Bank of America cut their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Barclays upped their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company raised their price target on Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $67.40.

Lamb Weston Stock Up 1.4%

NYSE LW traded up $0.7830 during midday trading on Tuesday, hitting $55.0830. 1,114,438 shares of the company traded hands, compared to its average volume of 2,411,880. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68. The company has a market cap of $7.68 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.15 and a beta of 0.49. The company's 50-day simple moving average is $53.58 and its 200-day simple moving average is $53.74. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.23. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 1st will be paid a $0.37 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a yield of 2.7%. Lamb Weston's dividend payout ratio (DPR) is 58.96%.

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.