Landscape Capital Management L.L.C. purchased a new stake in shares of Weis Markets, Inc. (NYSE:WMK – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,025 shares of the company’s stock, valued at approximately $2,743,000. Landscape Capital Management L.L.C. owned about 0.14% of Weis Markets as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Weis Markets during the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Weis Markets by 107.0% in the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after acquiring an additional 184 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Weis Markets by 788.6% in the second quarter. Versant Capital Management Inc now owns 391 shares of the company’s stock valued at $31,000 after acquiring an additional 347 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Weis Markets by 45.9% in the second quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $36,000 after acquiring an additional 145 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Weis Markets by 78.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock worth $49,000 after acquiring an additional 340 shares in the last quarter.
Weis Markets Stock Up 1.1%
Weis Markets stock opened at $70.96 on Friday. The stock has a 50-day simple moving average of $76.57 and a 200 day simple moving average of $72.82. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.61 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 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, July 27th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, July 27th. Weis Markets’s dividend payout ratio is presently 33.75%.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded 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 data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Get Our Latest Stock Report on WMK
About Weis Markets
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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