Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 955 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,321 shares of the specialty retailer’s stock after selling 955 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lamb Weston were worth $2,026,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LW. West Oak Capital LLC raised its position in shares of Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 274 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Lamb Weston in the fourth quarter worth about $35,000. SBI Securities Co. Ltd. bought a new stake in Lamb Weston during the 4th quarter worth about $36,000. Brooklyn Investment Group acquired a new position in Lamb Weston during the 3rd quarter valued at about $40,000. Finally, Larson Financial Group LLC lifted its position in Lamb Weston by 614.4% during the 3rd quarter. Larson Financial Group LLC now owns 693 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 596 shares during the period. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Performance

Shares of LW stock opened at $53.93 on Tuesday. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $107.50. The company’s fifty day simple moving average is $56.20 and its 200-day simple moving average is $66.14. The firm has a market cap of $7.69 billion, a PE ratio of 21.32, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.74%. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Insider Transactions at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were bought at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

LW has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price for the company. Jefferies Financial Group raised their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Stifel Nicolaus dropped their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Finally, Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $68.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $76.73.

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.