Fulton Bank N.A. Has $369,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Fulton Bank N.A. lessened its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,391 shares of the specialty retailer’s stock after selling 211 shares during the quarter. Fulton Bank N.A.’s holdings in Lamb Weston were worth $369,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Lamb Weston by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock valued at $1,778,533,000 after purchasing an additional 60,601 shares during the last quarter. Franklin Resources Inc. increased its holdings in Lamb Weston by 15.1% during the fourth quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock worth $199,183,000 after buying an additional 241,848 shares during the last quarter. Champlain Investment Partners LLC raised its position in Lamb Weston by 11.7% during the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock worth $131,396,000 after acquiring an additional 129,120 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Lamb Weston by 117.2% in the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after acquiring an additional 663,985 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Lamb Weston by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock valued at $126,189,000 after acquiring an additional 21,981 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE:LW traded up $0.98 during midday trading on Tuesday, hitting $57.36. The stock had a trading volume of 3,816,204 shares, compared to its average volume of 2,562,710. The company’s 50-day moving average price is $77.88 and its 200-day moving average price is $88.98. The company has a market capitalization of $8.24 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 5.65 and a beta of 0.74. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, August 2nd. Lamb Weston’s dividend payout ratio is presently 19.23%.

Insider Activity

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

LW has been the subject of several recent analyst reports. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Wells Fargo & Company cut their price objective on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Stifel Nicolaus lowered Lamb Weston from a “buy” rating to a “hold” rating and decreased their target price for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. Citigroup dropped their price objective on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. dropped their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Lamb Weston currently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Lamb Weston Company 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.