Weis Markets, Inc. $WMK Holdings Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in shares of Weis Markets, Inc. (NYSE:WMKFree Report) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,436 shares of the company’s stock after selling 16,600 shares during the period. Renaissance Technologies LLC’s holdings in Weis Markets were worth $12,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Torren Management LLC purchased a new position in Weis Markets in the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after purchasing an additional 184 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Weis Markets by 78.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock valued at $49,000 after acquiring an additional 340 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Weis Markets in the 2nd quarter valued at $55,000. Finally, Signaturefd LLC lifted its position in shares of Weis Markets by 61.2% in the fourth quarter. Signaturefd LLC now owns 882 shares of the company’s stock worth $57,000 after buying an additional 335 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Weis Markets from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Weis Markets presently has an average rating of “Buy”.

Check Out Our Latest Report on Weis Markets

Weis Markets Stock Down 0.4%

Shares of WMK opened at $77.36 on Friday. The stock’s 50-day moving average price is $77.71 and its 200 day moving average price is $72.39. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 18.78 and a beta of 0.45. Weis Markets, Inc. has a 12-month low of $59.99 and a 12-month high of $83.74.

Weis Markets (NYSE:WMKGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter. The firm had revenue of $1.26 billion for the quarter. Weis Markets had a net margin of 2.09% and a return on equity of 7.75%.

Weis Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, July 27th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, July 27th. This represents a $1.36 annualized dividend and a yield of 1.8%. Weis Markets’s payout ratio is currently 33.01%.

Weis Markets Company Profile

(Free Report)

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.

Recommended Stories

Want to see what other hedge funds are holding WMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weis Markets, Inc. (NYSE:WMKFree Report).

Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

Receive News & Ratings for Weis Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weis Markets and related companies with MarketBeat.com's FREE daily email newsletter.