Xponance Inc. Sells 7,584 Shares of Lamb Weston (NYSE:LW)

Xponance Inc. decreased its stake in shares of Lamb Weston (NYSE:LW - Free Report) by 31.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,684 shares of the specialty retailer's stock after selling 7,584 shares during the period. Xponance Inc.'s holdings in Lamb Weston were worth $889,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Romano Brothers AND Company increased its stake in shares of Lamb Weston by 1.4% in the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock valued at $813,000 after purchasing an additional 218 shares during the period. Blair William & Co. IL grew its position in Lamb Weston by 3.2% in the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock worth $476,000 after buying an additional 219 shares during the last quarter. Norinchukin Bank The grew its position in Lamb Weston by 4.0% in the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock worth $392,000 after buying an additional 227 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Lamb Weston by 4.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer's stock worth $319,000 after buying an additional 230 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Lamb Weston by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,702 shares of the specialty retailer's stock worth $2,921,000 after purchasing an additional 253 shares in the last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Up 0.9%

NYSE LW traded up $0.47 during trading hours on Thursday, hitting $50.47. The company's stock had a trading volume of 2,645,121 shares, compared to its average volume of 2,655,445. The stock has a fifty day moving average of $53.02 and a 200 day moving average of $54.94. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $83.98. The firm has a market capitalization of $7.12 billion, a P/E ratio of 15.29, a PEG ratio of 1.12 and a beta of 0.46. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 2.93%. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.

Wall Street Analysts Forecast Growth

LW has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $70.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 9th. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Barclays lowered their target price on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Finally, Bank of America decreased their price objective on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $67.64.

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.