BlackRock Inc. acquired a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,218,454 shares of the company's stock, valued at approximately $95,417,000. BlackRock Inc. owned 4.92% of Weis Markets as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Torren Management LLC bought a new position in Weis Markets during the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC increased 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 acquiring an additional 184 shares during the last quarter. Versant Capital Management Inc increased 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 raised its position in shares of Weis Markets by 45.9% in 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 during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in Weis Markets by 78.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company's stock worth $49,000 after acquiring an additional 340 shares during the last quarter.
Weis Markets Price Performance
NYSE WMK opened at $71.19 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of 17.67 and a beta of 0.45. The stock's 50-day moving average is $75.88 and its 200-day moving average is $72.74. Weis Markets, Inc. has a one year low of $59.99 and a one year high of $83.74.
Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.92 earnings per share for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.The business had revenue of $1.28 billion for the quarter.
Weis Markets Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, July 27th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, July 27th. Weis Markets's dividend payout ratio is 33.75%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Weis Markets from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".
View Our Latest Stock Analysis on WMK
Weis Markets Company Profile
(
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.
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