269,835 Shares in Weis Markets, Inc. $WMK Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 269,835 Weis Markets shares during the second quarter, worth approximately $21.1 million and representing about 1.09% of the company.
• Several institutional investors increased their holdings, while Weiss Ratings upgraded Weis Markets from “buy (b-)” to “buy (b)”; the stock carries an overall “Buy” consensus rating.
• Weis Markets reported quarterly EPS of $0.92 on $1.28 billion in revenue and maintains a quarterly dividend of $0.34, equal to $1.36 annually and a 1.9% yield.

Bank of New York Mellon Corp acquired a new stake in Weis Markets, Inc. (NYSE:WMK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 269,835 shares of the company's stock, valued at approximately $21,131,000. Bank of New York Mellon Corp owned approximately 1.09% of Weis Markets as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake 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 valued at $26,000 after purchasing an additional 184 shares in the last quarter. Versant Capital Management Inc lifted its stake 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 acquiring an additional 347 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 145 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings 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 acquiring an additional 340 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Weis Markets during the 2nd quarter worth $55,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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, According to MarketBeat, the company has an average rating of "Buy".

• Waste Management NYSE: WM Turning Trash Into Cash

Weis Markets Stock Down 0.0%

NYSE WMK opened at $71.19 on Monday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.67 and a beta of 0.45. Weis Markets, Inc. has a twelve month low of $59.99 and a twelve month high of $83.74. The stock has a fifty day simple moving average of $75.88 and a 200 day simple moving average of $72.73.

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

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

Weis Markets Dividend Announcement

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

Weis Markets Profile

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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