Jefferies Financial Group Inc. Invests $1.10 Million in Weis Markets, Inc. (NYSE:WMK)

Key Points

• Jefferies Financial Group Inc. acquired 14,229 shares of Weis Markets, Inc., valued at approximately $1,096,000, increasing its stake in the company to 0.05% as per its recent SEC filing.
• Weis Markets stock has recently declined by 3.6%, trading at $69.27, while it shows a 12-month range between $62.25 and $90.23.
• The company declared a quarterly dividend of $0.34 per share, with an annual yield of 2.0%, to be paid to shareholders on August 11th.

Jefferies Financial Group Inc. purchased a new stake in Weis Markets, Inc. (NYSE:WMK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,229 shares of the company's stock, valued at approximately $1,096,000. Jefferies Financial Group Inc. owned about 0.05% of Weis Markets at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WMK. Sterling Capital Management LLC boosted its position in Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock worth $36,000 after purchasing an additional 471 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Weis Markets during the 1st quarter worth $58,000. State of Wyoming purchased a new position in shares of Weis Markets in the 4th quarter worth about $104,000. Exchange Traded Concepts LLC grew its position in Weis Markets by 1,258.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock valued at $160,000 after buying an additional 1,926 shares during the period. Finally, Flagship Harbor Advisors LLC increased its holdings in Weis Markets by 12.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock worth $262,000 after buying an additional 379 shares during the last quarter.

Weis Markets Price Performance

Shares of WMK traded down $0.12 during mid-day trading on Friday, hitting $71.45. The stock had a trading volume of 72,674 shares, compared to its average volume of 121,315. The firm has a market cap of $1.92 billion, a P/E ratio of 17.79 and a beta of 0.47. Weis Markets, Inc. has a 52 week low of $62.25 and a 52 week high of $90.23. The business has a fifty day moving average price of $74.59 and a 200-day moving average price of $75.77.

Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.01 EPS for the quarter. The business had revenue of $1.21 billion for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.46%.

Weis Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Monday, July 28th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Weis Markets's payout ratio is presently 34.09%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 8th.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets 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.