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Vanguard Group Inc. Decreases Stock Position in Lamb Weston $LW
Vanguard Group Inc. reduced its stake in Lamb Weston by 2.1% in Q3, now owning 16.6 million shares valued at $966.2 million. Despite this, Lamb Weston recently beat quarterly earnings estimates, raised its dividend to $0.38 per share, and saw insider buying with Jan Eli B. Craps acquiring 50,000 shares. The company maintains a “Hold” rating from analysts with an average price target of $53.00.