PDT Partners LLC Takes Position in Weis Markets, Inc. $WMK

PDT Partners LLC bought a new position in shares of Weis Markets, Inc. (NYSE:WMKFree Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,700 shares of the company’s stock, valued at approximately $1,699,000.

Several other large investors have also recently bought and sold shares of WMK. BlackRock Inc. acquired a new position in shares of Weis Markets during the 2nd quarter worth about $95,417,000. Bank of New York Mellon Corp acquired a new stake in shares of Weis Markets during the 2nd quarter worth about $21,131,000. UBS Group AG lifted 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 worth $12,691,000 after purchasing an additional 169,787 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Weis Markets by 2,228.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company’s stock worth $11,758,000 after purchasing an additional 164,546 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Weis Markets by 77.2% in the third quarter. Millennium Management LLC now owns 257,715 shares of the company’s stock valued at $18,522,000 after purchasing an additional 112,265 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Weis Markets currently has an average rating of “Buy”.

Read Our Latest Research Report on WMK

Weis Markets Stock Performance

WMK opened at $70.62 on Thursday. The business’s 50-day simple moving average is $76.12 and its 200-day simple moving average is $72.77. Weis Markets, Inc. has a one year low of $59.99 and a one year high of $83.74. The stock has a market capitalization of $1.75 billion, a P/E ratio of 17.52 and a beta of 0.45.

Weis Markets (NYSE:WMKGet Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion during the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, July 27th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, July 27th. Weis Markets’s dividend payout ratio is presently 33.75%.

About Weis Markets

(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.

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

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