Axxcess Wealth Management LLC Purchases Shares of 4,392 Lamb Weston Holdings, Inc. (NYSE:LW)

Axxcess Wealth Management LLC acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,392 shares of the specialty retailer’s stock, valued at approximately $475,000.

Several other hedge funds also recently modified their holdings of LW. Mutual of America Capital Management LLC raised its holdings in Lamb Weston by 84.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock valued at $4,091,000 after acquiring an additional 17,344 shares during the period. Wakefield Asset Management LLLP bought a new position in Lamb Weston during the fourth quarter worth about $3,302,000. Lmcg Investments LLC boosted its holdings in Lamb Weston by 2.2% in the 3rd quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer’s stock valued at $1,289,000 after purchasing an additional 304 shares during the period. Ingalls & Snyder LLC acquired a new position in shares of Lamb Weston during the 4th quarter worth approximately $210,000. Finally, CWM LLC increased its holdings in shares of Lamb Weston by 629.2% during the fourth quarter. CWM LLC now owns 31,741 shares of the specialty retailer’s stock worth $3,431,000 after purchasing an additional 27,388 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.8 %

Shares of NYSE LW opened at $85.10 on Wednesday. Lamb Weston Holdings, Inc. has a 1 year low of $77.41 and a 1 year high of $117.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The firm has a market cap of $12.29 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.38 and a beta of 0.79. The company has a 50 day simple moving average of $93.00 and a 200 day simple moving average of $98.44.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. Lamb Weston’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. On average, research analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LW shares. Bank of America reduced their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Barclays lowered their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Citigroup decreased their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. BNP Paribas initiated coverage on Lamb Weston in a research report on Monday, March 11th. They set an “outperform” rating and a $128.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston presently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

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.