Hsbc Holdings PLC acquired a new position in Weis Markets, Inc. (NYSE:WMK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,375 shares of the company's stock, valued at approximately $1,368,000. Hsbc Holdings PLC owned 0.07% of Weis Markets at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in WMK. EverSource Wealth Advisors LLC lifted its position in shares of Weis Markets by 107.0% in the 2nd 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. Versant Capital Management Inc boosted its holdings in shares of Weis Markets by 788.6% in the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the company's stock valued at $31,000 after buying an additional 347 shares during the period. GAMMA Investing LLC grew its position in shares of Weis Markets by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 461 shares of the company's stock valued at $36,000 after buying an additional 145 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Weis Markets during the 2nd quarter valued at about $55,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Weis Markets by 78.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company's stock valued at $49,000 after buying an additional 340 shares during the last quarter.
Weis Markets Price Performance
NYSE:WMK opened at $70.75 on Tuesday. The firm has a market capitalization of $1.75 billion, a P/E ratio of 17.56 and a beta of 0.45. The business has a 50 day simple moving average of $75.73 and a 200 day simple moving average of $72.72. Weis Markets, Inc. has a 12-month low of $59.99 and a 12-month high of $83.74.
Weis Markets (NYSE:WMK - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.The company had revenue of $1.28 billion for the quarter.
Weis Markets Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, July 27th were given a $0.34 dividend. The ex-dividend date was Monday, July 27th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets's dividend payout ratio (DPR) is currently 33.75%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Weis Markets from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Weis Markets currently has an average rating of "Buy".
Get Our Latest Research Report on Weis Markets
About Weis Markets
(
Free Report)
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.
Further Reading
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