Allianz Asset Management GmbH Buys 11,017 Shares of Weis Markets, Inc. (NYSE:WMK)

Key Points

• Allianz Asset Management GmbH raised its stake in Weis Markets, Inc. by 7.8% during the 1st quarter, acquiring an additional 11,017 shares, bringing its total ownership to 152,837 shares valued at approximately $11.8 million.
• Weis Markets recently declared a quarterly dividend of $0.34 per share, with the payout set for August 11th, reflecting an annualized rate of $1.36 and a dividend yield of 1.76%.
• In its last earnings report, Weis Markets reported $1.20 billion in revenue and $0.76 EPS, alongside a net margin of 2.24% and a return on equity of 7.49%.

Allianz Asset Management GmbH raised its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 152,837 shares of the company's stock after purchasing an additional 11,017 shares during the quarter. Allianz Asset Management GmbH owned 0.57% of Weis Markets worth $11,776,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake in Weis Markets by 11.6% during the 4th quarter. Teacher Retirement System of Texas now owns 8,108 shares of the company's stock valued at $549,000 after purchasing an additional 840 shares during the period. American Century Companies Inc. raised its stake in Weis Markets by 14.8% during the 4th quarter. American Century Companies Inc. now owns 485,287 shares of the company's stock valued at $32,864,000 after purchasing an additional 62,472 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Weis Markets during the 4th quarter valued at approximately $718,000. Vanguard Group Inc. grew its holdings in Weis Markets by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company's stock valued at $124,800,000 after buying an additional 30,772 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Weis Markets by 62.5% during the 4th quarter. JPMorgan Chase & Co. now owns 54,952 shares of the company's stock valued at $3,721,000 after buying an additional 21,144 shares in the last quarter.

Weis Markets Price Performance

Shares of NYSE:WMK traded up $0.06 during trading on Wednesday, hitting $73.36. The company had a trading volume of 107,399 shares, compared to its average volume of 97,642. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 18.39 and a beta of 0.46. Weis Markets, Inc. has a one year low of $62.25 and a one year high of $90.23. The company has a fifty day simple moving average of $75.02 and a two-hundred day simple moving average of $75.56.

Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $1.20 billion during the quarter. Weis Markets had a return on equity of 7.49% and a net margin of 2.24%.

Weis Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, July 28th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, July 28th. Weis Markets's payout ratio is 34.09%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Weis Markets from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 8th.

About Weis Markets

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.