Martin & Co. Inc. TN bought a new position in Weis Markets, Inc. (NYSE:WMK – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,928 shares of the company’s stock, valued at approximately $2,344,000.
A number of other hedge funds have also added to or reduced their stakes in WMK. BlackRock Inc. bought a new stake in shares of Weis Markets during the second quarter valued at about $95,417,000. State Street Corp lifted its holdings in shares of Weis Markets by 3.3% in the fourth quarter. State Street Corp now owns 428,880 shares of the company’s stock worth $27,487,000 after buying an additional 13,699 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Weis Markets by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 272,212 shares of the company’s stock valued at $18,617,000 after acquiring an additional 1,700 shares during the period. Millennium Management LLC boosted its position in shares of Weis Markets by 1.7% in the fourth quarter. Millennium Management LLC now owns 262,044 shares of the company’s stock valued at $16,794,000 after acquiring an additional 4,329 shares during the period. Finally, UBS Group AG grew its stake in Weis Markets by 601.4% during the fourth quarter. UBS Group AG now owns 198,020 shares of the company’s stock valued at $12,691,000 after acquiring an additional 169,787 shares in the last quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Weis Markets from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Weis Markets Trading Up 1.1%
Shares of NYSE WMK opened at $70.96 on Friday. Weis Markets, Inc. has a 12 month low of $59.99 and a 12 month high of $83.74. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.61 and a beta of 0.45. The business has a 50-day moving average of $76.57 and a 200-day moving average of $72.82.
Weis Markets (NYSE:WMK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share for the quarter. The business had revenue of $1.28 billion during the quarter. Weis Markets had a net margin of 1.99% and a return on equity of 7.40%.
Weis Markets Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, July 27th were issued a $0.34 dividend. The ex-dividend date was Monday, July 27th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets’s dividend payout ratio (DPR) is currently 33.75%.
Weis Markets Profile
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.
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