Vanguard Personalized Indexing Management LLC Raises Holdings in Lamb Weston $LW

Key Points

• Vanguard Personalized Indexing Management LLC has increased its holdings in Lamb Weston by 63.6%, owning 14,539 shares valued at approximately $757,000 as of the second quarter.
• Lamb Weston reported quarterly earnings of $0.64 EPS and $1.15 billion in revenue, with a net margin of 4.56% and a return on equity of 28.08%.
• The company has announced a quarterly dividend of $0.37, which will be paid on November 28th, yielding 2.3% annually.

Vanguard Personalized Indexing Management LLC grew its position in shares of Lamb Weston (NYSE:LW - Free Report) by 63.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,539 shares of the specialty retailer's stock after purchasing an additional 5,650 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Lamb Weston were worth $757,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Lamb Weston by 2.6% during the first quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer's stock valued at $909,987,000 after purchasing an additional 426,045 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Lamb Weston by 49.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer's stock valued at $239,877,000 after purchasing an additional 1,483,559 shares in the last quarter. Invesco Ltd. grew its position in shares of Lamb Weston by 25.7% during the first quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer's stock valued at $216,180,000 after purchasing an additional 829,207 shares in the last quarter. Clarkston Capital Partners LLC grew its position in shares of Lamb Weston by 21.1% during the first quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer's stock valued at $198,359,000 after purchasing an additional 648,855 shares in the last quarter. Finally, Gates Capital Management Inc. grew its position in shares of Lamb Weston by 49.8% during the first quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer's stock valued at $107,460,000 after purchasing an additional 670,611 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Up 0.8%

Shares of NYSE LW opened at $65.56 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. The company has a market cap of $9.14 billion, a P/E ratio of 31.37, a PEG ratio of 4.31 and a beta of 0.52. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The firm has a 50-day simple moving average of $58.10 and a two-hundred day simple moving average of $54.98.

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

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend 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 presently 70.81%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LW. Barclays raised their price objective on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Stifel Nicolaus set a $66.00 price target on Lamb Weston in a research report on Wednesday, October 1st. Weiss Ratings lowered Lamb Weston from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 8th. Cowen reiterated a "hold" rating on shares of Lamb Weston in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company lifted their price target on Lamb Weston from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $65.70.

About Lamb Weston

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.

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston (NYSE:LW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.