Jefferies Financial Group Inc. bought a new stake in shares of Weis Markets, Inc. (NYSE:WMK – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,700 shares of the company’s stock, valued at approximately $1,464,000. Jefferies Financial Group Inc. owned about 0.08% of Weis Markets at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Weis Markets by 17.5% during the 1st quarter. Royal Bank of Canada now owns 8,120 shares of the company’s stock worth $626,000 after purchasing an additional 1,212 shares during the last quarter. AQR Capital Management LLC lifted its stake in Weis Markets by 9.2% in the first quarter. AQR Capital Management LLC now owns 14,798 shares of the company’s stock valued at $1,140,000 after purchasing an additional 1,242 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Weis Markets by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,775 shares of the company’s stock valued at $753,000 after purchasing an additional 405 shares during the period. Norges Bank purchased a new stake in Weis Markets in the second quarter worth $714,000. Finally, EverSource Wealth Advisors LLC increased its position in Weis Markets by 107.0% in the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after buying an additional 184 shares during the last quarter.
Weis Markets Stock Up 1.0%
WMK opened at $71.19 on Friday. The firm has a 50-day moving average price of $75.88 and a 200-day moving average price of $72.74. Weis Markets, Inc. has a twelve month low of $59.99 and a twelve month high of $83.74. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.67 and a beta of 0.45.
Weis Markets Announces Dividend
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, July 27th. Weis Markets’s dividend payout ratio (DPR) 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 note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.
Check Out Our Latest Analysis 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.
Featured Articles
- Five stocks we like better than Weis Markets
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
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.
