20,068 Shares in Weis Markets, Inc. $WMK Acquired by Man Group plc

Key Points

• Man Group plc acquired 20,068 shares of Weis Markets in the second quarter, valued at approximately $1.57 million and representing about 0.08% of the company.
• Several major institutions increased their exposure to Weis Markets, including BlackRock, Bank of New York Mellon, UBS Group, Arrowstreet Capital and Millennium Management.
• Weis Markets reported quarterly revenue of $1.28 billion and earnings of $0.92 per share, while maintaining a quarterly dividend of $0.34, or $1.36 annually, for a 1.9% yield.

Man Group plc bought a new position in Weis Markets, Inc. (NYSE:WMK - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,068 shares of the company's stock, valued at approximately $1,572,000. Man Group plc owned approximately 0.08% of Weis Markets at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WMK. BlackRock Inc. purchased a new position in shares of Weis Markets during the second quarter worth approximately $95,417,000. Bank of New York Mellon Corp bought a new stake in Weis Markets in the second quarter worth $21,131,000. UBS Group AG lifted its stake in Weis Markets by 601.4% in the fourth quarter. UBS Group AG now owns 198,020 shares of the company's stock worth $12,691,000 after purchasing an additional 169,787 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Weis Markets by 2,228.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company's stock valued at $11,758,000 after buying an additional 164,546 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Weis Markets by 77.2% during the third quarter. Millennium Management LLC now owns 257,715 shares of the company's stock valued at $18,522,000 after buying an additional 112,265 shares during the last quarter.

Weis Markets Stock Performance

NYSE:WMK opened at $70.34 on Thursday. Weis Markets, Inc. has a fifty-two week low of $59.99 and a fifty-two week high of $83.74. The firm has a market cap of $1.74 billion, a PE ratio of 17.45 and a beta of 0.43. The business has a 50 day moving average price of $75.35 and a 200-day moving average price of $72.70.

• Waste Management NYSE: WM Turning Trash Into Cash

Weis Markets (NYSE:WMK - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.92 EPS for the quarter. Weis Markets had a net margin of 1.99% and a return on equity of 7.40%. The company had revenue of $1.28 billion for the quarter.

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, July 27th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, July 27th. Weis Markets's dividend payout ratio (DPR) is 33.75%.

Analysts Set New Price Targets

• Put Weis Markets NYSE: WMK Stock on Your Shopping List at These Levels

Separately, Weiss Ratings downgraded Weis Markets from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy".

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.

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