Bank of New York Mellon Corp Increases Holdings in Weis Markets, Inc. (WMK)

Bank of New York Mellon Corp grew its position in shares of Weis Markets, Inc. (NYSE:WMK) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 404,905 shares of the company’s stock after buying an additional 2,836 shares during the quarter. Bank of New York Mellon Corp’s holdings in Weis Markets were worth $21,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in WMK. State Board of Administration of Florida Retirement System acquired a new position in shares of Weis Markets during the second quarter valued at $320,000. First Trust Advisors LP acquired a new position in shares of Weis Markets during the second quarter valued at $307,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Weis Markets during the second quarter valued at $427,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Weis Markets during the second quarter valued at $268,000. Finally, Aperio Group LLC increased its holdings in Weis Markets by 25.7% in the second quarter. Aperio Group LLC now owns 26,576 shares of the company’s stock valued at $1,418,000 after purchasing an additional 5,433 shares during the last quarter. Institutional investors and hedge funds own 35.15% of the company’s stock.

NYSE WMK opened at $43.91 on Friday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 22.59 and a beta of 0.46. Weis Markets, Inc. has a 12 month low of $31.26 and a 12 month high of $57.82.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.71 EPS for the quarter. The business had revenue of $871.10 million during the quarter. Weis Markets had a return on equity of 5.49% and a net margin of 2.97%.

About Weis Markets

Weis Markets, Inc engages 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, and fuel; and general merchandise items, such as health and beauty care, and household products.

See Also: How Important is Technical Analysis of Stocks

Want to see what other hedge funds are holding WMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weis Markets, Inc. (NYSE:WMK).

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

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.


Leave a Reply