Tompkins Financial Corp Has $151,000 Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Tompkins Financial Corp raised its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 751.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,266 shares of the specialty retailer’s stock after purchasing an additional 2,000 shares during the quarter. Tompkins Financial Corp’s holdings in Lamb Weston were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Lamb Weston in the second quarter valued at $396,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Lamb Weston by 88.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,591 shares of the specialty retailer’s stock worth $890,000 after purchasing an additional 4,979 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Lamb Weston by 43.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 650,509 shares of the specialty retailer’s stock worth $54,695,000 after purchasing an additional 197,621 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Lamb Weston by 410.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 3,731 shares of the specialty retailer’s stock valued at $314,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Lamb Weston by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,121,626 shares of the specialty retailer’s stock valued at $94,300,000 after buying an additional 38,970 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lamb Weston news, Director Robert A. Niblock purchased 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, with a total value of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles A. Blixt acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Lamb Weston Stock Down 0.0 %

NYSE:LW opened at $58.99 on Friday. The stock’s fifty day simple moving average is $71.71 and its 200-day simple moving average is $69.66. The firm has a market capitalization of $8.41 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.48 and a beta of 0.73. 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 Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $110.61.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.11 earnings per share for the current year.

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, January 31st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio is presently 56.92%.

Analyst Upgrades and Downgrades

LW has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Stifel Nicolaus dropped their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their target price on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, TD Cowen boosted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $81.00.

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.