State Street Corp grew its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,571 shares of the company’s stock after acquiring an additional 5,094 shares during the period. State Street Corp owned 0.90% of Weis Markets worth $11,771,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of WMK. Citadel Advisors LLC bought a new position in shares of Weis Markets during the 2nd quarter worth approximately $256,000. Prudential PLC lifted its position in shares of Weis Markets by 28.6% during the 2nd quarter. Prudential PLC now owns 115,855 shares of the company’s stock worth $5,644,000 after buying an additional 25,753 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Weis Markets by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 469,552 shares of the company’s stock worth $22,876,000 after buying an additional 16,756 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Weis Markets during the 2nd quarter worth approximately $747,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Weis Markets by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,092,999 shares of the company’s stock worth $53,251,000 after buying an additional 77,804 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.
In related news, Director Edward John Lauth III acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $34.77 per share, with a total value of $69,540.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $173,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan H. Weis acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of $34.79 per share, with a total value of $347,900.00. Following the completion of the acquisition, the insider now directly owns 1,228,766 shares in the company, valued at approximately $42,748,769.14. The disclosure for this purchase can be found here. Insiders purchased a total of 13,200 shares of company stock valued at $463,814 over the last quarter. 26.90% of the stock is owned by company insiders.
Weis Markets, Inc. (NYSE:WMK) traded up $0.88 during trading hours on Tuesday, hitting $42.69. 103,000 shares of the company were exchanged, compared to its average volume of 93,237. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.91 and a quick ratio of 0.80. The company has a market cap of $1,124.60, a PE ratio of 14.88 and a beta of 0.69. Weis Markets, Inc. has a 52 week low of $31.26 and a 52 week high of $68.88.
Weis Markets (NYSE:WMK) last released its quarterly earnings data on Friday, November 3rd. The company reported $0.16 earnings per share for the quarter. Weis Markets had a net margin of 2.16% and a return on equity of 8.13%. The business had revenue of $854.26 million during the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were paid a $0.30 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.81%. Weis Markets’s dividend payout ratio is 42.70%.
Separately, BidaskClub raised shares of Weis Markets from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.
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About Weis Markets
Weis Markets, Inc is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products.
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